Stock market and Olympic news dominated the past week.
The stock market officially entered what’s called correction territory. Most have felt this is long overdue.
What’s even more important is that nobody knows what is going to happen in the weeks, months, and years ahead.
Well, because we’ve never been in this situation before.
Everyone will give advice from their own bias.
For many people it doesn’t matter because either they don’t have any money in the market or for the most part are utilizing passive investment strategies.
North Korea has successfully taken away the Olympic attention from South Korea. Today there were some protests around this issue. The bottom line becomes that both of these events create uncertainty. That is one thing that market makers don’t like.
On the stock market, my opinion is that the next 90 days will be quite choppy. It’s hard to tell if this is just a correction or a potential collapse. Both by the way are buying opportunities.
On the Korea issue, this stuff is so big and out of our control.
Not to reduce these big macro issues – but the question because do they impact any of the following on your business
- Is there a direct impact on your business with stock market or activities in Korea? Meaning do you have suppliers in the Korean region? Are most of your buyers public or private companies?
- What are your growth targets for this quarter? This quarter is almost halfway over and ends March 31st. Are you on track to meet or beat your targets? Did you even set targets? If not, don’t worry but set them now for the rest of the year.
- Do you have targets for Q2, Q3, and Q4? For 2019? For 2020? If not, why? Many businesses fail because they don’t think long-term and act short-term.
It’s important to pay attention to the big stuff – but not to get distracted by it. An excellent weekly summary of Global issues and how they may impact you personally or professionally is a subscription to The Economist.
If you need help getting your business on track please use our CATScan service.
The next week brings us Chinese New Year – year of the Dog. Happy new year.