Nothing makes sense

I wasn’t feeling great going into the weekend, but some rest and fun was what the doctor ordered. I caught up with a lot of my college buddies via Zoom on Saturday and we all probably had a few drinks too many. Despite feeling a bit off Sunday, a good catch-up over beers (and shots) where we can take our mind off the current situation was exactly what I needed. I felt great this Monday and have been pretty productive overall.

On to the next…

A close buddy of mine exclaimed today that “he doesn’t see how this situation continues to push the market higher”. I had a good laugh as he tried to make sense of this market.

The truth is nothing really makes sense right now.

There is nothing normal about a global pandemic. There’s nothing normal about social distancing and shelter-in-place. There’s nothing normal about the leader of the free world being Donald Trump.

This is a unprecedented situation that’s going to be much worse before it gets better. The market will respond accordingly. Sometimes it’ll make sense and sometimes it’ll puzzle even the most veteran investors.

For those of us that are going through our first major crisis as investors, it’s time to stop trying to make sense of this market. It’s going to be volatile and the next few months will be a rollercoaster. We’ll need to buckle up.