Two weeks ago, I wrote about behavioral finance and how investors are often their own biggest barriers to investing success. The market action since February 19 has presented us with the perfect stage to see these common investing behaviors play out.
As I write this article midday on Monday (2/24), U.S. equity markets are selling off dramatically. Major indexes are down over 3%—and gold is up close to 2%.
So far this year we’ve seen volatility in the stock market increase. After a prolonged period of no price moves of 1% or more in either direction, like a Netflix watcher binging on a new series, we saw bunches of these days clustered over the last couple of weeks.
Last week, I made my annual pilgrimage down to the Inside ETF Conference in Hollywood, Florida. I couldn’t believe what I was hearing. I nudged the fellow asset manager sitting next to me, “Did he really just say that?” “Yes,” she whispered and then shook her head slowly from side to side.
After what seemed like a lightning-fast NFL season, the Super Bowl is almost here.