Market insights and articles we found interestingEvery day at Clayline Wealth we read news and articles from a wide range of sources. Below are some of the highlights that we think might help you in your financial choices. If you have any questions about the content in them, please contact us, we are happy to help.
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A wonderful week to end what has been a tremendous month for global equity markets. Although very disappointing earnings announcements from Apple and Amazon took some of the shine off the otherwise great results, October is still on track to be the best month for investors since last November.
Last week we officially brought all the managed portfolios back to their equity allocation after nearly two months of holding cash. So far, our timing appears to be excellent as North American equity markets had a great week and continue higher as of this writing.
It turns out that the magic number this time was eight weeks. Eight weeks is how long we held onto the cash we created in many clients' accounts before putting it back to work this week.
As we leave the terrible month of September behind us, we look forward to the fourth quarter of the year. September lived up to its reputation this year as the worst month on the calendar for stocks, but if history is any guide, we should see risk sentiment improve from this point on.
This week saw more market instability as further news out of China worried global financial markets, and the Federal Reserve announced the results of its most recent meeting.
The month of September is, so far, living up to its reputation for being the worst month for the stock market. All North American indices are negative for the month (as of this writing)