A big week for the markets, and for ETFYourself.com
Your site is about to get “busy”
First, we want to say a big thank you to the many people that have subscribed to ETFYourself.com! We are blown away by the initial response to our debut, since we have not even formally announced it through our social media channels. That will happen this week, which means our community of serious, investor/learners will continue to grow quickly. This will make it easier for us to add things like live investment education sessions, podcasts, and more.
The 10-year US Treasury yield has zipped up from its old high level (4.30%) to around 4.55% in hurry. That’s a lot in a short amount of time. And all summer and autumn, the stock market has been led by the bond market. Now, the bond market is weakening at an accelerating rate.
This is showing up in our technical scores (which we will start adding to the site this week). They indicate that barring a dramatic turnaround, the stock and bond markets are gradually rolling over as they did in late 2021 into 2022.
We never assume, we just follow price and work to allocate assets in a way that tries to avoid big loss and make as much as we can while doing that. We’re in that time of the year (September/October) that makes people blame the calendar for the market’s poor behavior.
It isn’t the calendar, its the delayed reaction to 11 Fed rate cuts, the decade of “easy money” before those cuts, and the over-reach by speculative traders that has turned parts of the stock market into a casino, and some of the coverage of it into a dramatic TV series.
That’s why we started ETFYourself.com. To separate myth from reality, and communicate real-world insight, gained over the past 30 years “in the trenches.
Thanks again for joining our community! And look forward to our filling out the initial version of the site this week. We always welcome your questions, comments and feedback.