Look Forward, Look Backward, Look Out!

What’s roiling the market?

Global Market Update - Janus

Source: Mythologica.fr

It can’t be lower gas prices. Cheap oil is good for consumers. So is it higher interest rates from the Fed? But the Fed keeps putting off any increase, promising low rates for a “considerable period.” More sellers than buyers? That’s just how the market works.

Market watchers always try to explain why prices do what they do. A political development like the change in the Senate could be positive or negative. Strong online sales might help consumers, but hurt traditional retailers. Any new development can be rationalized and a story spun. If people buy or sell based on this story, it benefits brokers, who earn commissions on transactions.

But timing the market is a fool’s errand. No one can predict all its twists and turns. Forward-looking predictions often just mirror backward-looking trends. What’s needed to make money in the stock market isn’t timing, but time.

Douglas R. Tengdin, CFA
Chief Investment Officer
Phone: 603-224-1350
Leave a comment if you have any questions—I read them all!

Follow me on Twitter @GlobalMarketUpd

www.chartertrust.com • www.moneybasicsradio.com www.globalmarketupdate.net
By |2017-07-17T12:23:09-04:00December 15th, 2014|Global Market Update|0 Comments

About the Author:

Mr. Tengdin is the Chief Investment Officer at Charter Trust Company and author of “The Global Market Update”. The audio version of each post can be heard on radio stations throughout New England every weekday. Mr. Tengdin graduated from Dartmouth College, Magna Cum Laude. He received his Master of Arts from Trinity Divinity School, Magna Cum Laude and received his Chartered Financial Analyst (CFA) designation in 1992. Mr. Tengdin has been managing investment portfolios for over 30 years, working for Bank of Boston, State Street Global Advisors, Citibank – Tunisia, and Banknorth Group. Throughout his career, Mr. Tengdin has emphasized helping clients manage their financial risks in difficult environments where they can profit from investing in diverse assets in diverse settings. - Leave a comment if you have any questions—I read them all! - And Follow me on Twitter @GlobalMarketUpd

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