July 2 – Trevor Thompson
“US sharemarkets rallied on the start of a new quarter on Monday, boosted by the strength in manufacturing and construction activity. Nine out of the ten S&P 500 sectors recorded gains. The Dow Jones rose by 65pts or 0.4pct with the S&P 500 up 0.5pct while the Nasdaq rose by 31pts or 0.9pct. ”
Ok the markets went up on good economic news. Seems logical. But last week good economic news made them go down because stimulus might be withdrawn. So is that a contradiction or what.
It just illustrates the futility of short term timing the market. Its “time in” the market that makes you money, not “timing” (unless you are a wiz or very lucky!)
By Trevor Thompson.
CFP DipFP
SENIOR PARTNER