Those that know and have followed me for a long time know I love these kinds of market gyrations.

• We shake out weak hands.
• We find new support points.
• We can spy and buy stuff we wish we owned but missed.

The part I do not like is when people begin to panic. I wish I could give them all a hug and tell them it is going to be fine.  I was articulating our approach better, but it nudges me to be better. 

Anxiety is natural in general. There are reasons to be worried such as all the money printing, the ripped fabric of our nation and how badly our unity is unraveling, as other nations become more focused on taking our place on the podium. 

We saw that anxiety and ripped fabric in today’s consumer sentiment reading from the University of Michigan. 

The 76.8 read is slightly up from January but down almost 25% from a year ago. 

Households with incomes below $75,000 have become less optimistic about the future and non-college grads are really losing faith quickly. 

I don’t think the rally is over. I see an avalanche of money moving the needle enough you are going to want to ride the wave. We can go back and consider a pity party.  All kidding aside, I urge you to stay strong.