As the quarter came to an end, stock markets in the US continued to be the darlings around the world in 2018. Thank you Mr. President! The markets uptrend, which has primarily been driven by excellent corporate earnings and the expectations of more of the same in the future, continues even through the historically challenging Aug. to Oct. period.
This past week revealed a slight change in the markets underlining tone, although not enough to change our Current Market Outlook from green. It may have been a symptom of quarterly “window dressing” or perhaps just a pause that hopefully refreshes. Our daily attention/work is focused on the “math of the market”, and as of yet the math still suggests the uptrend remains healthy.
There will be much news for investors to anticipate and process in the weeks ahead. In addition to the scheduled Govt. economic releases, the trade/tariff negotiations & Federal Reserve interest rate matters, the all important 3rd quarter earnings season begins to roll out on the 12th, with several key banks kicking it off first. Oh, and let’s not forget the mid-term elections in early November.
Rest assured Mr. Market is digesting it all and the daily internal indicators, the “math of the market”, will inform astute investors of possible coming changes as a result of monitoring the footprints of money. Have a Triumphant day! ®