5/24/2019 Weekly Update: Happy Memorial Day Weekend
by David Rasmussen on Jun 7, 2019
S&P 500 -1.03%
10 Year Treasury +0.60%
Weekly Update: Happy Memorial Day Weekend
Just a simple note from us this week: Please enjoy your holiday weekend with family and friends. Looks like we will see a mix of sun with a chance of storms this weekend here in Des Moines.
The S&P 500 gave up about 1% this week on what appears to be global growth concerns considering the continued downward trajectory of global interest rates. The market is down about 4% for the month of May thus far. The overused cliché headline on CNBC is “Sell in May and Go Away” and I noticed it a few times in headlines this week. It rhymes so it must make sense! There is no statistical merit to it. Cooler heads that can stick to a long term-strategy based on logic rather than emotionally trying to time the market prevail.
Thanks for reading,
Zach and Dave
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