In a Nutshell
- Volatility returns to stock markets
- Rising interest rates continue to impact bonds
- Signs of inflation?
As mentioned in my Q2 Market Review piece, this market has been quiet…too quiet. Historically, the stock market averages 3 pullbacks of 5% per year with one of those going on to become a 10% correction. So when was the last time markets pulled back 5%. Remember the Brexit vote in June 2016? Yep, it’s been over 13 months. Even more impressive is that it’s been almost a year since we’ve seen even a 3% pullback, only the 2nd time since 1950 we’ve gone this long. The first was in 1995. (Source: LPL Research). [Read more…] about Market Drop? It’s About Time!