Johannes Eisele | AFP | Getty Images

The September and October market volatility after seven months of gains inevitably led some investors to wonder if it was time to “go to cash” before the big correction. The S&P 500 suffered its first 5% decline in over a year and volatility is not expected to subside as earnings season begins and companies face earnings growth and margin pressure, with labor and input prices rising and the global supply chain still chaotic. Investors are likely to have a quick trigger finger with any disappointments in guidance.

“The froth has continued, and the question is only time will tell how long that will go,” said J.P. Morgan Asset & Wealth Management chief executive officer Mary Erdoes, speaking at the recent CNBC Delivering Alpha conference. “It’s just really a question of how patient investors are and with the time value of money being nearly zero, people should be quite patient with what they’re…

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