Current Outlook
"October 2020"
135 months and counting .
In the middle of September, the indices felt sloppy and ready for a
correction. The COVID economic disruption continues to render many
indicators basically useless.
Government indices are suspect based upon delayed timing and
availability of sufficient data.
Still the economy hobbles along but the stimulus payments which
have ballooned the national debt are about the disappear and
infighting in Congress suggests the outcome for further stimulus is
marginal.
The first Presidential candidate debate changed hardly anyone's
minds. Rather it was an excercise in political upmanship and facts
rarely got in the way of either candidate.
Riots and the political discourse will continue to ferment
disruptions to a recovering economic situation ... the result may well be
a disappointment to investors hopes.
We are seeing stock indices making new highs and the Dow-Jones
Industrial Average made a significant adjustment to
the components which could change investors perception of value going
forward.
We live in interesting times but safety in your investments
should be a major concern going forward.
Remember to ... "Keep It Safe, Simple and Stay Focused!" going
forward.
Fred Richards`
October 4, 2020
