1. Most indexes are still up over value one year or six months ago.
2. Timing is possibly due to rising interest rates, which is helping nurture higher bond interest rates, which is helping move some money from stocks to bonds.
3. Mortgages are hitting 5%.
All of which was and are inevitable results of the Fed trying to reverse its monetary easing policies post-2008.
One question is whether or not those are ALL the reasons, or if subversive hands behind the scenes are dumping stocks as an “October surprise” for the mid-term elections? That will be hard to discern, as the portfolios of any hidden hands are spread across many market funds and would not be easily detected as a coordinated move, and there is no lack of fundamental reasons for a market correction in what many have been saying for months was an over valued stock market.
Buying today. No “rout” at all. Normal profit-taking.
All of which was and are inevitable results of the Fed trying to reverse its monetary easing policies post-2008.
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The Fed has been a little too aggressive in their projections of rate hikes in my opinion. They seemed a bit too anxious to normalize rates. They should have been more measured in their comments.