3Q 2018 Market Commentary
An Irrational Wave?
To help logically process what we may be witnessing today, it is worthwhile to look back over our shoulder at earlier times and experiences. In that regard, October's nasty selloff is reminiscent of last Spring's stock market antics. Remember when, in January, stocks had extended 2017's already outsized gains by another +7.5% before the wheels fell off at month-end on a surprise (10.1%) market retreat to touch correction territory?...more
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