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COMMENT
What's attracting your attention? Inflation and what the Fed is doing and saying. We're in a US mid-term election year. His research going back to the 1950s shows that markets tend to trade off badly early in the year, but every time they rally sharply off those lows a year later. See the "Goodreid Guage" under "Insights" on his website, goodreid.com. During times of Fed rate hikes, markets actually go up. Sentiment is so overwhelmingly negative right now. You need to step back and clear your mind. Not a Pollyanna approach, but know that there are many possible outcomes from the current environment, and the mainstream ones are not always the ones that come to pass.
COMMENT
Recession? Recessions happen. They come in different shapes and sizes. There have been about a dozen since the end of WW2. They're not terminal. They're actually the beginning of something. TGT and WMT clearing inventory is deflationary, not inflationary. A recession creates many great opportunities, and he's seeing these.
COMMENT
Investing when stocks are falling. There's no doubt we're in a downturn. Question is how deep does it go? Investors have to be careful about valuations. A low PE might have the E at risk. Do I have a quality company that can sustain itself through an attack on revenues and earnings? How does it come out on the other end? Are there secular forces that will allow it to do much better? This homework will tell you whether a stock is yea or nay for your portfolio. Investing is done in years and cycles, not days/weeks/months.
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