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| Taking a few weeks for rest and relaxation can sometimes be exactly what the doctor ordered! And why not let your investments actually work for you every once in a while? |
The US equity market has certainly been on quite a run! In August alone, the old technology trade (Information Technology and Communication Services sectors) joined with the Discretionary sector of the S&P 500 to all advance more than 9% for the month. The recent market rally is mostly spurred on by a relatively free money policy from the central banks of the world as well as better-than-expected second quarter earning results, although some froth is definitely visible (how on God’s good earth can Tesla be worth twice as much after a mere stock split?!? The fundamentals are unchanged in such an event, indicating that THAT momentum trade will likely be ending sooner rather than later).
The Ignorant Investor finds himself an early visitor to the land of the free (no, not the United States in this case) for some rest and relaxation in the midst of this crazy year- a country with almost no domestic spread of the Covid-19 virus and limited entries for international visitors. Considerable planning and market activity in recent months has led The Ignorant Investor to be remiss in his posting of the July market update. My apologies. The update was actually written up, but was not automatically posted as hoped. Posting will continue on schedule for September and coming winter months, with the usual absence for the Christmas holiday season in December.
The Ignorant Investor must here put down a “Gone Fishing” sign, because that’s almost exactly what he’s been up to over the past few weeks. In the meantime, happy hunting! It remains the belief of The Ignorant Investor that opportunities continue to abound in the current US equity market (and as always, consult with your financial advisor before taking the plunge!).
