As of yesterday morning, the S&P 500 was on track for its biggest weekly loss since January… and by the time you read this, it will likely have extended that 5.4% loss even further.
It’s a seven-week market downturn that marks the longest S&P 500 losing streak since 2001…
So it’s no surprise that investors and the media have shifted from a strong focus on rising inflation and a weak economy… to fears of a full-blown recession.
And we can’t blame them…
Everyday necessities are getting more expensive… prices for meat, eggs, and other groceries have soared while supplies are dwindling… and major retailers are posting weaker earnings and guidance as a result.
Meanwhile, gas is still averaging around $4.59 a gallon, with no significant decreases in sight… and according to a recent Gallup survey, 63% of 1,018 American adults are “very worried” or “moderately worried” about having enough money for retirement.
That’s why here at PBRG, we’re constantly on the lookout for strategies to get you through any market, good or bad.
Because making the right decisions today not only secures your wealth in a downturn… it also sets you up for significant returns when the market recovers.
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Regards,
Chaka Ferguson
Editorial Director, Palm Beach Daily