The Path Forward: Simple, But Not Easy
Investors thought the patience they showed as the market ratcheted back for six, low-volatility, FAANG-led months (from the February sell-off to fresh, all-time highs in August) deserved to be rewarded, with an uneventful upward move into year-end. Or, at least they should be granted absolution from another sharp, confidence-rattling, broad market sell-off. Instead, along came another classic October to test their mettle.
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