Market CommentarySubmitted by MidWestOne Investment Services on September 7th, 2018
We went from sweltering summer to monsoon season in just a few short days. What a nasty welcome to September! I even had two interesting conversations with people about yard cracks. I don’t remember any of those before this week
I always hesitate about sending you a link as my reading assignment, but I think you will find the blog entry interesting. I understand there is plenty of doom and gloom out there in the headlines, but the team at AB (the old Alliance Bernstein) gives you some compelling reasons why the US equity markets might not be done quite yet.
Of course, I always emphasize planning to you, but I read a statistic this morning that drove the point home further for me. For the period from January 1, 2008 to December 31, 2017, the S&P 500 returned 126%. The 10 best trading days during those 10 years produced a 97.9% gain. So, 10 days out of 2,518 trading days produced 78% of the index’s total return. You would need a great deal of confidence in your crystal ball to risk being in or out of the market when simply missing 10 days over 10 years could be so costly. This example is why we place so much emphasis on having your personal goals and measuring your progress towards them in the bigger plan as the important beacons of success. We appreciate that you share so much personal and private information with us. That sharing allows us to better serve you and help you in reaching those personal financial goals. Thank you for trusting us.
Have a great and hopefully drier weekend. GO HAWKS!!
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.