Here’s a chart worth a moment of your time. It’s from the Bespoke Investment Group in New York, showing us the average monthly returns from stocks for the last 100 years, the last 50 years, and the last 20 years.
December is, typically, a great month. But this December, just three trading days old is not following the pattern: uncharacteristically, the first three days have been down. The tech-heavy NASDAQ has been especially hard-hit. But it has risen the most of America’s three major indices this year-to-date.
Do I sense it’s time to “head for the hills”? Not at all. I think markets are just taking a break after a very good and e citing week last week.
If any of you are in bitcoin, I hope you will exit soon. Now there is an investment which, I think, is screaming, “head for the hills”.
Blessings to you, my friends.