Looking beyond the short-term market worries
Investors forget that we’re still in a secular bull market. Equities have chalked up a 7 per cent annualised return over the last six years
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EQUITY markets have so far stayed relatively calm.
This is despite a steady stream of negative newsflow, and a weak August, which preceded a 5 per cent and 3 per cent fall in September and October, respectively. At its worst, stock markets gave back half of the year’s gains to date.
While there are many reasons for the sell-off, investors’ main concern is a potential market top, given the growing list of worries about an economic slowdown and escalating military conflicts.
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