Video Recorded: August 13, 2024
Average Pullback During a Bull Market???
We are including in this writeup the visuals we discussed in this episode of Random Gleanings – you can find all of our video updates at youtube.com/@proplanwealth any time you’d like.
The charts we share come from economic and market topics that we think are interesting and are part of the story as it relates to investment portfolios. We don’t intend them to be “The Gospel”, but simply part of the story and things that may be worth keeping an eye on.
With that, here are this week’s charts! You can watch the video for more content on each chart.
As Ron Burgundy (from the movie, Anchorman) said, “Well, that escalated quickly.” Monday, August 5th, saw the third highest volatility measure on record. The guys discussed that the unwind of an esoteric hedge fund strategy – the “Yen Carry Trade” – was the powder keg on that Monday, after some softening data was reported in the prior week. The Market opened down 6% or 7%, but closed the day less than half that bad… and has resumed its bullish behavior since.
