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Stock Market - Hit by a Virus!

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Stock Market – Hit by a Virus!

 

In our last update (https://www.youtube.com/watch?v=XJ3ZMqcSiXk), we talked about market complacency. Needless to say, investors are no longer complacent with this recent market downturn. Because of this selloff, our THORdex has retreated a bit, but it is still elevated at just above 75. This is not like March 2009, when the THORdex was at 5. That was a time to “back up the truck” in equities. The US stock market is still elevated at a time when more uncertainty abounds because of the Coronavirus.

Written by

James E. Gore, CFA®, CAIA, CMT®

Jim serves as the Chief Investment Officer of THOR, is a Chartered Financial Analyst charter-holder, a Chartered Alternative Investment Analyst, a Chartered Market Technician, a member of the Association for Investment Management and Research and a member of the Cincinnati Society of Financial Analysts.

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