(Author and Granddaughter)
I had the great pleasure to have spent the week with my 18 month old granddaughter this past week (hence limited blog writing capability) but a ton of fun trying to keep up with that bundle of energy.
And how (you might ask) did the financial education (see last Monday's blog) part of that experience work out?
I failed miserably.
We visited (at an appropriate distance) with all the various wildlife in their natural habitat (bears, snakes, eagles, osprey, loons, fishes), played ball, participated in water activities, watched "Bubble Guppies"and brushed teeth routinely, but perhaps it was a bit "too early" to discuss compounding and the rule of 72 every night before bed.
Nothing like a little dose of reality to bring me back into line, but I won't give up so easily, it is as important as good dental hygiene.
So what happened in the financial world this week (oh yes I am paying attention)?
and more importantly why?
Furthermore, the S&P 500 is struggling:
So we remain cautious and underweight equities waiting for better value (better reason to buy).
Scott Tomenson,CIM Managing Partner, Chief Investment Strategist