From the desks of Stanley Katz & Lauren Madera
STAY SAFE & HEALTHY!
Obviously, it was not a very pleasant week in the US stock market with all three indices posting negative results (i.e., DJIA: -4.14%, S&P 500: -4.77%, Nasdaq: -5.48%). As of Friday’s close, the year-to-date returns are -15.18%, -18.73% and -26.82%, respectively, which hang slightly above the June lows for the year. The concern about recession seems to be the main theme from many market analysts. In past H&Cs, we have written about inflation and the slowing US and global economies. The Fed has a tough job balancing those two agendas by raising interest rates without pushing us into a deep recession. The link below to the Capital Group’s “Guide to Recessions” might be of particular interest.
“The risk of a market correction” remains on the minds of many investors. Both the S&P 500 and Nasdaq indices hit correction territory in June 2022 by plummeting over 20% from market highs. The real question is whether the US stock market indices will breach those lows from June or not. The J.P. Morgan Asset Management link below won’t answer that question but will provide some insight for what to expect.
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.
Capital Group:
J.P. Morgan Asset Management:
Schwab:
Goldman Sachs:
T. Rowe Price:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
937-293-5500
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