I have a sad tale to relate. After dodging Covid for the last three years, my wife Sari and I were at a wedding two weeks ago and the virus decided to crash the party. Two days later, I tested positive and Sari tested negative. I’ll spare you the grim details, since almost everyone has had a similar experience. However, despite only mild and fleeting symptoms, I experienced a rebound and so I’m sitting alone, testing daily, and waiting for a negative so I can return to society.
Investors in 2023 have also been waiting for a negative. Waiting to see if economic growth would turn negative. Waiting for a well-established negative trend on inflation. And waiting for the Federal Reserve to perceive enough general negativity to stop raising interest rates. As the first half of the year draws to a close, the wait continues. However, in rather sharp contrast to my predicament, there is plenty that investors can do while they wait.