10/4/2022 Bottoming, Buying The Dip and Dip-A-Dee-Doo-Dah
AUTHOR:TOWNEWEALTHMANAGEMENT.NET/BLOG 10/4/2022 Towne Wealth Management BLOG:
Bottoming
Historically, the benchmark S&Pindex has experienceda bottoming out, on average, about 120 days before the end of each recession going back to 1948, reports FOX NEWS 9/29/2022. Recent PE’s on the markets have suggested that we may be getting into this historic range.
Buying The Dip
“The market has likely dipped enoughto account for what comes next in the economy and that the worst has surfaced already, making it an opportune time to buy,” according to an analyst note by Wells Fargo, reports FOX Business 9/29/2022.
So as the Dip-A-Dee-Doo-Dah song begins to sing….
Will investors start to tap a foot….
and start….To Listen….???
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The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material are for general information only and are not intended to provide specific advice or recommendations for any individual. The economic forecasts set forth in this material may not develop as predicted. All indices are unmanaged and may not be invested into directly.
Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.
The opinions expressed in this material do not necessarily reflect the views of LPL.