Email of the day on the best day to buy
Comment of the Day

December 16 2020

Commentary by Eoin Treacy

Email of the day on the best day to buy

Would Mr Treacy be able to let us know what day in December is most optimal to buy stocks (at the lowest price)?

Eoin Treacy's view

Thank you for this question which may be impossible to answer with any true sense of satisfaction. The best time to buy at the lowest prices is after a shake out and if those were predictable, they would be arbitraged out of the market.

I am concerned that no one is asking what is the best day to sell stocks. A large number of high momentum shares have short-term overbought conditions and the stay-at-home mega-caps are underperforming. The timing of investing is one thing but I think a more pressing question is what should one buy. A significant rotation into value and out of mega-caps remains underway.

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