The Old Bawl Game
Submitted by Atlas Indicators Investment Advisors on November 10th, 2018Some of you who live on the eastern or western fringes of mainland U.S. may have noticed the culmination of America's pastime a couple of weeks ago. Yes, the Boys of Summer wrapped up another hard-fought baseball battle for supremacy - the World Series (sans most of the world, of course).
The Los Angeles Dodgers, dressed in blue, went toe to toe with the Boston Red Sox in a real cliff-hanger that ultimately ended as Boston squeaked by, taking the pennant with them. As a bi-coastal battle, much of America might not have been all that attentive, but Wall Street types sure were. As you know from studying our nation's history, New York has always felt animus against Boston, a feeling reciprocated by Beantown. So it was that the NYSE staged a huge sell-off the day after the deciding game ended. Why it rallied in the following few days is anybody's guess.
Those of us living in the LA area will wipe away our tears and boldly confront next year's prospects for redemption. Of course, even more recently we just witnessed another battle between the forces of red and blue. I am referring, of course, to the most recent election. The results seem to have tipped the nation even closer to gridlock. Does this mean we can expect further quarreling between factions or will everyone in the swamp now kiss and make up?
So where do we go from here? Well, we have the Super bowl indicator coming in January, but that is much too long to wait. This is just one of the reasons why Atlas employs our own proprietary system. We don't need sporting events, horoscopes, hemlines, or other such arcana to determine how your portfolio should be invested. The political climate may affect market performance, as will other geopolitical forces now in play. Fortunately, nothing exogenous will affect our decisions; that's the Atlas advantage. Following an unemotional rules-based investment methodology keeps us focused on the dual objectives of capital preservation and gains when they present themselves.