Last week I was in Yellowstone National Park—paradise to me—where the landscape is stunning, wildlife abundant, and natural history offers perspective.
Last week was NOT just another week in paradise in the markets, however. This week we offer perspective on what occurred last week.
Dog Days are Over: What a Week! The S&P 500 fell more than 10% in only four trading days. Despite that, the S&P 500 was up 0.9% for the week, the Dow was up 1.1%, and most global equity markets finished higher on the week as well. Liz Ann Sonders of Charles Schwab explains the wild week.
What Wall Street Gets Wrong about China. The proximate cause of recent volatility was an unexpected devaluation of China’s currency and a wave of fears about China’s overall economy slowing dramatically. Should we be concerned about slower China growth? We probably have an overreaction. Newsweek addresses this question.
The best investment strategy for you? It’s the one you’re likely to stick with, according to Barry Ritholtz writing for The Washington Post. He dissects two distinct investment philosophies. The one which resonates most strongly with you probably determines the sort of investor you are, and affects the odds of how well your portfolio is likely to do. This article contains valuable insight for periods like last week.
We hope you enjoy reading these articles along with us and that you find them informative. Please forward this to your friends and family.
J. Mark Nickell & Co.
Disclosure – The articles mentioned in This Week with J. Mark Nickell & Co. are for information and educational purposes only. They represent a sample of the numerous articles that the firm reads each week to stay current on financial and economic topics. The articles are linked to websites separate from the J. Mark Nickell & Co. website. The opinions expressed in these articles are the opinions of the author and not J. Mark Nickell & Co. This is not an offer to buy or sell any security. J. Mark Nickell & Co. is under no obligation to update any of the information in these articles. We cannot attest to the accuracy of the data in the articles.