with Michael Dubis, CFP
Stock and bond markets will move really fast and usually at unexpected moments. This is happening as I write. In essentially one month, interest rates on the 10-year Treasury have increased by over 40%, from 1.7% to 2.4% (subsequently, 10-year Treasuries have fallen in value) and markets have dropped about 4%-6%+. Most other equity markets are off by even more because of their higher risk exposure or other-country risks. Very few asset classes other than cash have been stable. This fast-moving phenomenon is why I believe it’s impossible to market time.