We will see. In any event, the real economy, which ultimately drives the financial markets, continues to limp along. As my market risk analysis showed yesterday, immediate risk levels remain low and are even improving.
I’m certainly not enjoying today’s market theatrics, but I’m not particularly concerned either. So far, at least, the markets are acting normally and as we might expect.
Right now, the biggest risk investors face isn't volatility but the urge to overreact to it. Keep calm and carry on.
Brad McMillan is the chief investment officer at Commonwealth Financial Network, the nation’s largest privately held independent broker/dealer-RIA. He is the primary spokesperson for Commonwealth’s investment divisions.This post originally appeared on The Independent Market Observer, a daily blog authored by McMillan.