During Fed tightening periods the average market gain is “only” about 13%, but it’s still a gain. Thus far this week, the market’s up about 5% from its bottom. Considering the parade of bad news it’s endured in recent weeks—high inflation, a European war, record-high gas prices, more Covid outbreaks in Europe and China—I think that’s remarkable.
It’s possible this is just a bear market rally, but, assuming it’s not, how high would the market have to rise before you would revise your thesis and reenter the market? How many of you are still waiting to reenter after you exited from the market in 2019-20 due to Covid fears?
Leave a Reply