Global equities, including U.S. equities, came under pressure last week while bonds consolidated in a newly formed, higher range.
Consolidations or corrections in markets that are exhibiting signs of overbought conditions are a normal part of markets and investing. Corrections specifically, are opportunities for long-term investors to buy shares at more favorable prices. Now is the time to think about shares that one would like to own if a correction occurs and share prices decline by 10% or more from their highs. As long as one has a well constructed, diversified portfolio, corrections create opportunities.
– Best Regards
Cory Haupt
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