AI
Wednesday, May 24, 2023 12:30:26 PM
This is the image of a market with no direction for the last 13 months. SPX 3,900 was the mid point for 10 months and became support in March. There are good arguments for the market to rise from here, continue in this channel and to take another dive down into the mid-3,000s. That's why I'm on the sidelines in fixed income for now. About 2/3s of my portfolio will mature at the end of the month and I'll likely switch to a lower return, more liquid investing vehicle.
The stock market is a device for transferring money from the impatient to the patient. - WB
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