There has been some eeriness in the marketplace over the last couple of weeks, which makes it seem like it’s connected to the graduation season – and it’s been like this over the last couple of years. Do people just need some time to appreciate the accomplishment, or is the market stalling?
In 2012, the frenzy ignored the last presidential election and blew right through the holidays for a solid 18-month run, and higher rates and prices this year haven’t slowed the momentum much.
But we are overdue for some pullback – is it time? Here are my thoughts: