A year’s worth of return within a week…..

Wow ! What to do ?

In 4 trading days (since Friday’s October 30th close) the S&P 500, Russell 2000 and MidCap 400 have risen 7.5%.

The Nasdaq 100 has soared 9.2%.

A year’s worth of return within a week…..

We are only 5 days into the month and I sense fund managers being concerned about underperforming their benchmarks.

Indeed, markets tend to move where they can do the most damage….and going up is also damaging, especially if you are not invested.

#momentum#FOMO

November 6, 2020
by Rob Zdravevski
rob@karriasset.com.au