Investment Insights: Market Commentary - October 2019
Emotional. Irrational. These are characteristics that often define people and consequently markets. The phenomenon of behavioral economics/finance sheds light on how emotions, biases and mental shortcuts create pitfalls.
In the Market Commentary for October 2019, our Chief Investment Officer, Reed Murphy, highlights a few investing biases and how to avoid them. For example, how should we address the following?
- We are amidst the longest economic recovery ever. Is there more room on the runway or are we simply due for a recession and market correction?
- The yield curve inverted in the U.S. during the third quarter. How important is this and does it mean a recession is coming?
- Many investors in the U.S. are excited about patriotism, yet concerned about tariffs. Does this mean we should abandon international investment opportunities? Are there more opportunities abroad than in the U.S.?
Read more about these topics along with recap of the markets and what may be ahead as we head into the final quarter of 2019.
LISTEN to a recent webcast providing highlights of the commentary hosted by Reed Murphy, Chief Investment Officer.