Today’s Market Confusion is not in Your Head.
Many of the conversations that I’ve been having with traders lately centers around the inability of retail traders to understand what the market is doing. That translates into uncertainty about our individual positions in the market and what the average Joe Trader should be doing.
This situation, now more that ever, speaks to the importance of clarifying your reasons for being in the market and your reasons for being a trader. Since predictability is even less likely, understanding your decision process becomes more important when trying to decipher your portfolio questions.
And if you doubt me, listen to what the experts are saying. In an interview for the NYTimes’ DealBook, Larry Fink, CEO of BlackRock talks about the uncertainty regarding the market and how politics is playing a part. It’s personally comforting to know that even the “experts”, or at least those with more money than me, aren’t sure about what is going on.