Bouncing From Oversold

Following the sharp break lower in October, stock markets are now bouncing from an oversold position. The NYSE Index lost -11% in October, so a relief rally is overdue in the short-term. A lot of damage has been done to the technical picture, however, following the recent sharp decline and it is likely now that a multi-year bear market has begun. Stock markets would need to recover quickly to negate this view. If we are now in a bear market, rallies should be sold rather than dips bought. Stock markets are expensive and there is a lot of room to fall. The Active Asset Allocator is well positioned. While every multi-asset fund and equity fund lost ground in the October decline, the Active Asset Allocator delivered a positive return. I expect more of the same as volatility returns.


At Secure Investments, I advise individual clients on their pension and non-pension fund investment portfolios. To learn more about my Active Asset Allocator and Gold Trader  investment strategies, please get in touch at or 086 821 5911. If you are reading this via LinkedIn, why not visit Secure Investments and subscribe to get exclusive content for free. No spam, ever. Just great stuff.


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