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It's my general understanding consecutive 90% down days are often soon followed by sustained market rebounds. But, I don't have data to back this up. Any and all comments about the possible significance of this event would be appreciated.As noted by BofA: “More than 90% of stocks in the S&P 500 declined today. It’s the 5th time in the past 7 days. Since 1928, there have been exactly 0 precedents. This is the most overwhelming display of selling in history.”
How do you manage through a cycle of rising interest rates and higher inflation? There aren’t too many money managers who have that experience …The bond bull market began in 1981.
That’s about 41 years ago.
Let’s assume the manager had a minimum of 10 years experience as an investment manager / advisor preceding the bond bull market.
If age 15 when he / she began their career they’d be 66 today (in or near retirement).
If 25 when he / she began investing they’d be 76 today.
If 35 when he / she began investing they would be 86 today.
How do you manage through a cycle of rising interest rates and higher inflation? There aren’t too many money managers who have that experience and have a track record of excellence through many different types of markets. This week’s guest does. She is Mary Ellen Stanek, Co-Chief Investment Officer of Baird Advisors.
Stanek was recently named Morningstar’s Outstanding Portfolio Manager of 2022 for her “disciplined and risk-aware approach, thoughtfully navigating various market environments,… and generating impressive absolute and risk-adjusted returns” in her 22 years at Baird.
FED should have raised by 1%.The broader market on Thursday, the day after 75 bps rate hike is all red. And now it is in bearish territory with DJIA dripped below 30,000.
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