Foggy Bottom: The 2018 Carnage.

Published on 11/20/18 | Saurav Sen | 2,220 Words

The BuyGist:

  • There's no point in trying to find a bottom. 
  • The main risk now is a political one: the Trade War.
  • The G20 meeting at the end of November will be a key catalyst: upward or downward.
  • There are 2 scenarios: Deal or No Deal.
  • Regardless of what happens, it makes more sense to wait. 
  • In the meantime, it's ideal to have a set of read-to-buy investment ideas. Whether prices go up or down after the meeting, we should be ready to pounce.

Why this article?

Times are rough. I don’t think using the word “carnage” is much of an exaggeration. Markets around the world are beaten up. There seems to be no place of refuge. And all of this happened suddenly – not because companies are doing badly. Many companies reported record earnings; some of them are in The Buy List. I read a headline that describes the sentiment perfectly: “Companies report record earnings, but the market doesn’t care”. Well, why not?

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