The good news is that not much has changed in the stock market. U.S. stocks are still mired in a lengthening sideways move, while emerging markets equities—especially Chinese issues—are finding plenty of buyers. We stray outside of China for today’s stock, and our buy will bring us to a fully invested position. That means that any future moves will force us to make some decisions about what to keep and what to let go; it’s a good problem to have.
