Investment problems arise when you take any single market variable in isolation and consider it as gospel. There is always a pool of value out there in the market, you just need to know how to find it.
While I’m nowhere near endorsing a collective prescription for rose-coloured stock market glasses, the one continuous consideration for investors is whether they are making decisions based on popular opinion, economists and celebrity analysts or actual good advice.
Yes, sure, the decision to raise US interest rates has been taken. By how much? Let’s see…0.25%. And how much is that? In short, it’s downright unnoticeable.
Even post-Trump, Brexit and the rebound following the worst market start in eighty years back in January / February, investors are still neutral or bearish in the majority.