The market is in limbo… for the moment…

Bull markets are predictable. Bear markets are predictable. The trickiest part for any long-term investor is where the market is… right now. The market has had an incredible bounce off its lows on no real positive catalyst.

Sure, the markets were extremely oversold, but they had reason to be – out-of-control inflation, the worst war Europe has seen potentially since World War 2, and so many unknowns. So, what’s an investor to do?

Simple. Nothing.

Never forget that taking no action at all is, in itself, an action. If you don’t know what to do, the best thing to do is to do nothing. The market has exited Buying Season, however, across the board it’s not near Selling Season, either.

A few of the positions in the Investments in Play portfolio (Apple, Nvidia, etc.) may be reaching profit-taking points, but they’re not there, yet. So, instead of trying to force a move, during stock market cycles like this, the best thing to do is to ignore price action; wait for the market’s next big move so we can figure out what to do next.

In other words, take a break. Go watch a movie. Go for a hike. Ignore the markets. At least, for now.