Is the worst nearly behind us?
Shares are correcting in a midterm election year, our satellite portfolio is 100% cash, and history suggests a turning point could be close. Here are the signals I’m watching before buying again.
- Markets are correcting, which is normal for October–November in a US midterm election year.
- Our satellite portfolio is now 100% in cash after stop losses were hit one by one.
- History suggests the year after a midterm is usually positive, so a turning point could be close.
- Before buying again I’m watching copper, the US dollar, junk bonds and global momentum.
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General information only, recorded at the date shown. Market views can change quickly. Mentions of ETFs, indices and portfolio positioning are not recommendations and don’t consider your objectives, financial situation or needs. Past performance and seasonal patterns are not reliable indicators of future performance.