I don't emphasize enough why most people invest. It is for the important things in life such as the kids' education, housing, retirement, and emergencies. In any case, I should emphasize I am very thankful for my clients. They have been quite patient and incredibly supportive in my efforts to invest their capital.
GratitudeManaging money for others is a privilege and gratifying when you can help others fund their life goals and activities. This is one major reason I enjoy investing. In the financial markets this week, there were cross- currents at work, which had a dramatic impact on the ultimate outcome.
Earnings ReboundOn the upside, US corporate earnings look robust. Solid reports from the likes of Wal-Mart (WMT) , John Deere (DE) , Alibaba (BABA) , and even a better than expected result from Target (TGT) helped investors endure the other dominant theme. In the US, that's politics.
Washington ChaosThe daily drumbeat of partisanship, White House drama, and bureaucratic grandstanding put investors on edge. Down south, when the news broke of a potential bribery in involving the pro-business President Michel Temer in Brazil, it only deepened the skepticism about the stability of a market which has had a huge run. If one looks overseas, the relative calm and saneness of the recent French Presidential election seems downright attractive. Low and behold, investors are embracing the newfound attractiveness on the old continent as European indexes seem worthy of capital. Such are the times investors live in.
Photo Credit: Zooey via Flickr Creative Commons
The post Time of chaos appeared first on Smarter Investing Covestor Ltd. is a registered investment advisor. Covestor licenses investment strategies from its Model Managers to establish investment models. The commentary here is provided as general and impersonal information and should not be construed as recommendations or advice. Information from Model Managers and third-party sources deemed to be reliable but not guaranteed. Past performance is no guarantee of future results. Transaction histories for Covestor models available upon request. Additional important disclosures available at http://site.covestor.com/help/disclosures. For information about Covestor and its services, go to http://covestor.com or contact Covestor Client Services at (866) 825-3005, x703.