Weekly Market Commentary | June 27, 2022
Submitted by Lifetime Wealth Strategies on June 29th, 2022Last week, bad news was good news.
Last week, bad news was good news.
The fight against inflation intensified.
Last week, the Federal Reserve (Fed) delivered a message that it is serious about fighting inflation. The Federal Open Market Committee (FOMC) lifted the federal funds target rate by 0.75 percentage points. The fed funds rate is now 1.50 percent to 1.75 percent.
Inflation is proving to be far more tenacious than markets had hoped.
How strong is the United States economy?
That’s the question investors were mulling after last week’s jobs report.
Investors reassessed and markets bounced.
Last week, major U.S. stock indices moved higher for the first time in weeks. The Dow Jones Industrial Average gained 6.2 percent, the Standard & Poor’s 500 Index was up 6.6 percent, and the Nasdaq Composite rose 6.9 percent, reported Ben Levisohn of Barron’s.
On the fear and greed cycle.
One of the most challenging times for investors is a market downturn. Whether markets are experiencing a correction or a bear market, it’s really disturbing to watch the value of your savings and investments decline.
Living with a bear.
On the survival series “Alone,” the tension ratchets higher whenever participants encounter bears. Some participants live warily alongside bears, while others tap out. A similar thing happens among investors when they encounter a bear market.
What is a bear market?
There is a lot of uncertainty in financial markets – and markets hate uncertainty.
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Correction and contraction....