There is always something to worry about on Wall Street. In fact, there’s even a saying about how stock prices perform when investors are fretting. “Wall Street climbs a wall of worry”—a quote that is often attributed to Warren Buffett. He didn’t say it, but he sure believed it. Here are just a few things Wall Street is worrying about in November:
This list goes on (interest rates, jobs, etc., etc., etc.), but you get the point. Taken together, it’s enough to have some people say, “I’ll wait until it all gets resolved.” But remember, those were the same people who, in the Spring, suggested, “I’m going to the sidelines until the tariff issue gets resolved.” Since May, stock prices have advanced for six consecutive months through October. And here’s the kicker—tariff issues are still unresolved. Remember, when headwinds get cleared up, they can become tailwinds. |
Forecasts are based on assumptions and are subject to revisions over time. Financial, economic, political, and regulatory issues may cause the actual results to differ from the expectations expressed in the forecast.