Summer Market Update

Every year around this time, parents, grandparents, and guardians prepare for Back to School season. This year is no different – except how they prepare may be very different indeed. Due to the pandemic, parents now have some difficult choices to make. Do they send their children back to school? Do they choose online learning? Should they home-school for a year?

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The Trend is Your Friend

The old Efficient Market Hypothesis (EMH) from the 70’s stated that “prices” (for stocks etc.) reflected all available information and that this information was immediately and rationally determined and interpreted. If this were true, we would rarely see trends developing – but as you’ll see below, trends do exist. The word “interpretation” mentioned above is subject to our irrational exuberance and other human frailties.

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