- The S&P 500 has fallen 8% from peak to trough in October. In my previous article, I warned that a strong Dollar and fragile oil prices could hurt risk sentiment.
- The US Presidential elections have been slated as an event risk. Rightly so, but I argue that the outcome will have little impact on the equity markets.
- We are still in a secular equity bull market, as the main force driving equity prices has not changed.
- With the S&P 500 in oversold conditions, sit tight and do not panic sell. If you have dry powder, I recommend some investment ideas in this article.
For further details see:
Equities Oversold, Elections An Overhyped Event Risk