Anytime there are moves, up or down, in the stock market, people NEED a reason WHY it happened. This time people are pointing to a trade war, or comments made by the President. Some people say it has to do with interest rates. Others say we just needed to cool off after a roughly 30% gain the market without any real draw-downs. I’m here to say it doesn’t have to be just one of these. All of these reasons are valid, and to sit here and try to pinpoint it on just one is foolish. There are better ways to spend your time.
Here’s what I’ve been reading this morning: