AUTHOR: TOWNE SCHERER.COM/BLOG 9/29/2023: Towne Scherer Private Wealth Management BLOG:
Important Support level/Budget Default/The Bridge/Oh My…The rationale for a long-term bull market hinges on whether the S&P 500 can exceed its intraday peak this year of 4607, says Barron's 9/27/2023. Currently, S&P 500 is hovering at 4294, after a dismal September performance, featuring Writers’ strikes, UAW strikes, the budget, the war in the Ukraine, interest rates, a cooling of mortgage applications, commercial real estate fears, inflation and high energy and food prices. Nevertheless, the silver lining in this cabal may be the end of interest rate increases followed several interest rate decreasesby the Fed in 2024.
Then again,
we also have how the markets react to a budget default…we shall see.Therefore,
what do you want to own 12 months from now and what tactics can one employ to bridge one's investments
through today's choppy waters to 2024’s promised lands... is the focus.Oh my!!!
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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.