2/16/2023 ‘To Sail these Choppy Seas’AUTHOR:TOWNEWEALTHMANAGEMENT.NET/BLOG 2/16/2023 Towne Wealth Management BLOG:‘To Sail these Choppy Seas’Retail sales rose in January 3%, beating a 1.9% projection by economists, says The Wall Street Journal 2/15/2023. When accompanied with the recent annual CPI unexpectedly showing an inflation reading of 6.4%, the markets have begun to get choppy, fearing larger interest rate increases than expected. Nevertheless, in these waves of information pundits have suggested that it is the resilience of The Labor Markets that is powering continued consumer spending, resulting in a stronger CPI. Therefore, as these factors grapple against each other in 2023, we will most likely see significant volatility in the markets.
This question then arises for investors….
Is your ship structured to sail
...these choppy seas????
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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.