There?s never been a decline in the stock market in the 12 weeks prior to the end of a series of Fed rate hikes. It?s always been up and the average is 5 percent. Everyone knows that, so they?re all waiting for that. If (the Fed stops) in December, then November starts the rally.

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I think a more tactical approach to investing is really going to make sense here. The buy-and-hold period producing great returns is probably past us.

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