- Investors gain confidence when they have a clear sense of direction, particularly regarding short-term market moves.
- This is increasingly true as markets move closer to the top of a major phase. Thus, extreme confidence, while generally reassuring, is a warning sign of a nearby top.
- While the US equity market has gained about 25% year-to-date, many investors now see international diversification as prudent, with political turmoil making US investing difficult for at least the next three years.
For further details see:
Questions Without Answers Indicate Uncertainty - Weekly Blog # 712