The Critical Importance of Discovering Your "Money Mind" (Part 1 of 2) by Jacob Timm
Weekly Commentary, March 3rd, 2017
- Equity markets – were positive across the globe this week with U.S. stocks (S&P 500) up +0.71% and international stocks (EAFE) up +0.89%
- Fixed income markets – were negative this week with investment grade bonds (AGG) down -0.99% and high yield bonds (JNK) down slightly at -0.16%
- Corporate Earnings – with almost 95% of S&P 500 companies having reported, earning are up 5.9% year-over-year (YoY)—and are likely to be even stronger comparatively next quarter given the weakness they experienced in early 2016.
- Fed Hike Probability – post-Trump’s Tuesday night speech, along with that days Fed member chatter, the odds of a March rate hike jumped to 80% from 50% the day before. Despite this the market was up strong Wednesday, which is a strong positive to the market/economy withstanding getting back to more normal interest rate levels.
- Historically Calm – the S&P 500 has now gone 97 straight days without a pullback of at least 1%; that is the second longest streak since 1995 when the market went 105 days without a loss of at least 1%.
- Commentary: Today I want to spend some time focusing on why we as humans rarely have a good understanding of what our money truly means to us. In doing so we will dive deeper into the world of behavioral finance and some of the psychology around different ways we view money, and how those views affect the way we make decisions.
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