Economic Insights – July 2018
History tells us that, over the long-term, the economy grows, and stocks rise. Therefore, optimism as a default setting is the only way to successfully fund a retirement over the long stretch. Beyond that, you need to avoid emotion when it comes to assigning probabilities to any price changes that might occur.
Since late January the S&P 500 index has been going side-ways. Every time is approaches its all-time high, it inevitably backs off. We are not surprised. Since mid-January, McClellan’s indicators have pred.....