Volatility Returns After an Exceptionally Quiet Year

Volatility Returns After an Exceptionally Quiet Year

Last week, turmoil in Chinese stocks markets flowed into US markets, taking stocks down 6.1% for the month of August and down 3.0% on the year.  We are taking NO action to rebalance accounts due to last week's pullback.  Our clients' accounts are well positioned to ride out this storm. 

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"Wait and See" for Alibaba

"Wait and See" for Alibaba

A number of our clients called last week to ask if we would buy Alibaba (BABA) stock for their accounts.  We told them, "No, we'll have plenty of time to buy Alibaba in the years to come, but meanwhile, to purchase the Initial Public Offering (IPO) is too risky."

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