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Today's Commentary
Tuesday, February 20, 2018

It's official, folks. We've got ourselves a good, old fashioned market correction.

After losing 1,175 points last Monday, The Dow fell into correction territory on Thursday by crossing a level 10% below its January high.

Talk about a crazy week.

Now, I still stand by what I said last week. Take a deep breath... and remember that corrections are simply functions of normal, healthy markets.

There's no reason to be gravely concerned about the health of the economy or the global market. Earnings are growing. Taxes are falling. Jobs are plentiful. Wages are even rising a bit.

So what's happening?

What we are seeing here is simply the reestablishment of a healthy relationship between interest rates, inflation and the market.

From that perspective, it's actually laudable. I know you may not want to hear that, especially if you're looking at a black eye or two in your portfolio, but there you have it.


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