From the desks of Stanley Katz & Lauren Madera
STAY SAFE & HEALTHY!
Historically, this time of the year (September – October) has produced some of the most challenging times for the markets. 3Q2022 was the worst nine months of returns in the major US stock market indices since 2002! All three were down last week (i.e., DJIA: -2.91%, S&P 500: -2.89%, Nasdaq: -2.69%) hitting new lows for the year (i.e., DJIA: -20.95%, S&P 500: -24.77%, Nasdaq: -32.40%). If you didn’t realize by now, we are in a bear market with all three major US stock market indices off >20%. Some pundits might say Friday’s selling by institutional investors was nothing more than window dressing ahead of quarter end. Window dressing is an old-time phrase whereby portfolio managers purge the dogs in their portfolios so they don’t have to answer tough questions when their holdings list is released to clients! Or the more logical reason for the market’s selloff could be the slowing global economy because of rising interest rates. Click the Schwab Market Volatility link below for more insight.
Nobody can predict the end of bear markets. But history provides a great guideline to make decisions on the future. Click the next two links below, Capital Group’s “When will the bear market end?” and The Independent Adviser’s “You Smell Bear, I Smell Opportunity” for some very interesting thoughts on where the stock market has gone post hitting bear market territory.
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.
The Independent Adviser:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
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