What’s Next
Investing in September/October is often full of surprises.
History suggests September is often the slowest month of the year in terms of stock-market performance. The Standard & Poor’s (S&P) 500 Index “has generated an average monthly decline of 1.2%…dating back to 1928, according to Dow Jones Market Data.”
One reason for the stock market decline last week appeared to be concerns with the Federal Reserve. Opinions are mixed about the job reports and if and how much the Fed may lower rates. As always, experts are split about 50/50.
In recent weeks, investors have been feeling quite bullish, according to the AAII Sentiment Survey. During the last two weeks of August, more than 50 percent of survey participants indicated they expected the stock market to rise over the subsequent six months. The level of optimism among survey participants came close to the survey’s all-time high (52.9 percent on December 20, 2023) and remained well above the historical average of 37.5 percent.
When markets are volatile, it’s normal for people to worry. Before making any changes in response to short-term market fluctuations, remember that historical performance supports staying invested is a sound way to pursue long-term financial goals. If you have any questions about recent market volatility or your investments, please get in touch via phone or email and we’ll talk it through.
Focus – Think About It
“The real voyage of discovery consists not in seeking new landscapes, but in having new eyes.”
IMPORTANT REMINDER: We have an income fund that adjusts its rate on a regular basis that can keep you ahead of inflation and is paying 6.75% on a monthly basis. This would be tax-free in your IRA accounts. Let me know if you have an interest in a possible placement.