By Brian Butchart
FOMO has always been there
Investors like to compare their portfolios with others and not just those of friends and family. No, investors like to compare their portfolio performance to those who achieved the best possible returns. It is only natural and if you start looking at what you ‘could’ve made’ (even if it is that 1 in a 1,000 chance), the fear of missing out (FOMO) is a sly devil that could lead to bad investment decisions. It’s not a new phenomenon, even if the term ‘FOMO’ only recently got popularised.
Brian Butchart
smartphones as an example. When
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US
The main event in the US is the Fed’s policy meeting. After several months of ultra-accomodation, the Fed seems to be inundated with questions on when is the time to taper. Fed Chair Powell earlier in the month signal now is not the time to talk about exiting. The Fed will likely reiterate their support for fiscal support and remind markets of the short-term risks. Inflation signs have picked up but are not yet at a worrisome level.
Big tech has led the recent charge higher for US stocks and Wednesday after the close will likely let us know if investors are still on board. Huge earnings will come from Facebook, Apple and Tesla.
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