Snow Boots, Flip Flops and the 4th Quarter Market

In Denver we sometimes have huge temperature swings and surprise snowstorms.  While covered in snow today, earlier this month it was in the 80s.

This weather volatility makes me think of the market. A lot of economists are now calling for going to cash after the yield curve inverted in August.  Yet the market seems to be holding up despite all the noise and global events, and on average has an upside of 20 percent* to the top of the market after the yield curve inverts.

So check out our guide to the markets video [click photo above].

And guess if I’ll be wearing snow boots or flip flops next month. 

*Source: The Wall Street Journal article “The S&P 500 Tends to Rise After an Inverted Yield Curve” Aug. 14, 2019 

The information contained in this blog does not purport to be a complete description of the securities, markets, or developments referred to in this material. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of Gary Keyfauver and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Past performance does not guarantee future results. Future investment performance cannot be guaranteed, investment yields will fluctuate with market conditions. The yield curve is a graphic depiction of the relationship between the yield on bonds of the same credit quality but different maturities.