The Miners are Dancing
Many times there have been so called “tells” signaling higher rates and an improving economy that it is as if all the canaries are keeled over and the miners remain safe and happy deep underground. We have witnessed a stronger utility average, a rallying ten year and weak job numbers all pointing to a stock market correction, yet the market has ground its way higher.
Conversely at times we have seen stronger rates supposedly signaling that improving economy, yet somehow rates have remained lodged between 2.5% and 3% on the ten year US treasury. Our biggest concern is this: “ what’s an average investor supposed to do”? What should she/he listen to? What “breaking news” (isn’t there always breaking news?) deserves attention? Here’s our game plan for that maturing CD or that 401k that you have to rollover, or that inheritance that needs a home. IGNORE that short term mentality that sensationalizes daily activity and glorifies trading. It's your money and it shouldn’t be treated like a wad of bills lodged in the pocket of your khaki short- you’ve worked for your portfolio. Our theories are to be disciplined, be diversified and only invest money that you aren’t going to need in the short term.
Please note that all data is for general information purposes only and not meant as specific recommendations. The opinions of the authors are not a recommendation to buy or sell the stock, bond market or any security contained therein. Securities contain risks and fluctuations in principal will occur. Please research any investment thoroughly prior to committing money or consult with your financial advisor. Please note that Fagan Associates, Inc. or related persons buy or sell for itself securities that it also recommends to clients. Consult with your financial advisor prior to making any changes to your portfolio. To contact Fagan Associates, Please call 518-279-1044.