From the desks of Stanley Katz & Lauren Madera
STAY SAFE & HEALTHY!
There is an age-old adage that Dr. Marty Zweig coined. Whether interest rates are going up or down, “don’t fight the Fed”! For the past 40 years, interest rates primarily went down and stayed there. Recently, as we all know, interest rates have begun to rise. When this occurs, generally, the stock market has a tough time. It seems we’re living this just about every week! Last week, all three US stock market indices retreated (i.e., DJIA: -0.21%, S&P 500: -0.94%, Nasdaq: -1.57%). The good news, however, points toward moderating inflation. Importantly, gas prices have started to come down as oil prices have dropped from $130 per barrel in June to $97.59 this week. The focus remains on the Federal Reserve’s next meeting on July 27th with expectations of another Fed Funds interest rate increase of 0.75-1%. Click Schwab’s Market Perspective: Crossroads for more insight on where things stand.
As we live through this difficult stock market environment, there are valuable lessons to glean from the past. Believe it or not, this time is no different than previous bear markets. Capital Group espouses five lessons in their research piece below. Click the link.
Below are links to a number of third-party research reports that we have read and analyzed over the past week. We hope you will find the information interesting, useful, and worthwhile.
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
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