Over the past several decades we have all become familiar with terms, bull market or bear market as it relates to the stock market in general. If the stock market is rising, it is referred to as a bull market and if the stock market is in decline, it is referred to as a bear market. Bulls charge and bears hibernate or hide.

Ever heard of the term wolf market?  A wolf market is defined as any two consecutive, 10%+ downward corrections with no increase in price from the trough of the first correction to the trough of the second correction. That is what we have today. No one seriously saw the past three weeks coming.

Wolf markets are characterized by volatile/sideways stock prices. My simplistic viewpoint on the differences is that you can hear bulls and bears running toward you, but a wolf sneaks up quietly and all you hear is its growl before it attacks.

In my opinion, within the past 25 years we have only had one other true wolf market and that was after 911. It was tragic and many people lost their lives and its memory will forever live with each of us. Economically, because it happened so sudden, quick and deep, markets were able to come back at almost the same inverted curve as it went down. This is our hope for this Wolf market.

Throughout history, there is one consistent component that will never change. God is in control. KT