Oh, what a bitter cocktail- rising interest rates, slowing worldwide industrial growth, tariff wars, the mid-terms, China, and of course the calendar, its October! Plenty for investors to fret over, and perhaps we were due for a sentiment and Market leadership change. But while investors are fickle, and usually chasing the current theme, growth cycles generally are more sustainable and persistent than the latest fad.
But where to find the bottom? Well earnings season next week could provide some measure of stability, at least for some companies. And the upcoming mid-term elections could eliminate some policy uncertainties. And of course, there is always the surprise resolution of the on-going trade disputes. Any, or all of these factors, might prompt a renewal of the bull market we’ve enjoyed for a number of years now.
While not particularly pleasant, these corrections come and go and are part of the natural market cycle. Meanwhile, the growth cycle in various technology and healthcare industries will continue unabated creating opportunity for the astute investor. Happy hunting…..