8/12/2022 Now…The Order of March…
AUTHOR: TOWNEWEALTHMANAGEMENT.NET/BLOG 8/12/2022 Towne Wealth Management BLOG:
Now…The Order of March…
The VIX dropped below 20, a strong risk-off indicator, says Bloomberg 8/10/2022, after the CPI showed the year over year inflation rate dipping down to 8.5%, significantly below analyst expectations of 8.7%. The markets reacted with impressive gains believing a 75 basis point increase in September is no longer on the table. Pundits are now suggesting a 50 basis point upward move or less as being the new boogie. Nevertheless, Business Insider this past February 2022, believes the markets will test the January lows, with Forbes, just today 8/10/2022, stating that the stock rebound of July may not hold. Therefore, as ‘my brother’ touted in his marching orders just this week: reduce assets that will not hold up, retain positions you believe will maintain or increase earnings and own specific assets that are undervalued and have a high probability of being higher in 15 to 24 months…
Food for thought…
from one (my brother) who has been in the investment trenches…five decades.
How investors will set their table for the rest of the year….
….is Now…the Order of March…
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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.