The Incredibly Resilient Market

Hello everyone and welcome to the September edition of the Boodle Blog. Thank you for joining us as we give our opinion on the Stock Market and get prepared for fall and the final quarter of the year. Just 2 days ago we got the numbers from the August jobs report and to many economic analysts that number of 235,000 jobs was a big disappoint when 720,000 jobs had been forecasted.
However, when you breakdown those numbers, you begin to see that the June & July jobs numbers had been revised upward, thus “softening” the blow of the August report.

And, when you consider businesses starting to reopen, students going back to school, and the coronavirus vaccine showing a muted positive impact, it gives us at Boodle here reasons to believe that the year 2021 will continue its move higher, and we can see that move in the nearly 22% YTD advance in the S&P 500 which places it within a hair of its all-time high!

For us Boodle investors the Market continues to flash a green light. What we are constantly on the look out for is any hint of a 20% decline from any recent high which would trigger a recession and start a Bear Market. For now, we see nothing but clear skies in the way the economy is behaving. We understand that there are some people who don’t like the way the government is behaving, and these people can be partisan with their beliefs.
We do not bring our politics into our analyses of the Stock Market. This neutrality allows us to bring you, what in our opinion is uncontaminated financial information that you can trust and profit from. Over the past 11 years since Boodle was incorporated, we have always delivered to our clients the best financial information that can’t be found anywhere else.

So, for now, we are of the opinion that a fully invested portfolio, where you are dollar-cost-averaging your money on a regular basis is good, sound investing. This does not mean that a pull-back from these recent highs shouldn’t be ruled out. The Market at times must digest economic news, both good and bad, and sometimes it needs to “digest” higher moves by taking a pause before it advances.

Boodle as a company continues to reach out to education institutions, business, and individuals as we seek anyone who feels that they need to learn more about how to invest and grow their money and financial knowledge. We always seek our client’s assistance in helping us help anyone whom they feel could benefit from our services.

We thank you for choosing Boodle as your trusted source for financial insight and understanding, and until next time, stay safe, and thank you for allowing us to serve you. Have a great September, and we will see you back here next month.