How’s this for a wild ride!
Source: Bespoke Investment Group
The net result is that for the quarter, the S&P 500 declined 4.9%, the DOW declined 4.6% and the NASDAQ declined 9.1%
The question is, now where does it go?
April is historically one of the best months for stocks so that is a tailwind.
Interest rates have risen, and more importantly, key interest rates have inverted. This means that shorter-term rates, using the 2-year US Treasuries, are higher than longer term 10-year US Treasuries. Historically, inverted interest rates have been a reliable predictor of an economic recession. Time will tell if this holds true now but regardless, higher interest rates are generally a headwind for stocks.
The war in Ukraine is a complicating factor. A resolution, which is what I am praying for but not expecting anytime soon, would boost the market. Conversely, any escalation or even a drawn-out war, is likely to continue to pressure the market.
We continue to stay focused on achieving your long-range goals by remaining diversified and adjusting allocations based on market conditions.
I hope you find this report helpful. Let us know if you have any questions or concerns.
P.S. Thank you for your referrals. They are making a big difference in my practice. Feel free to share my name with your friends on Facebook or LinkedIn.
I want to extend a special thanks to clients & colleagues who have recently referred us to family and friends: Dave P., Ed H.
April Calendar of Events(comments and additions for future months are always welcome)
- April is National Autism Awareness month. Let’s all get educated on this issue and work toward acceptance and inclusion of people dealing with autism.
April 10th Christian’s wife Maecy’s birthday
April 12th and 13th We adopted our 4-legged children Coco (2010) and Buddy (2013). Sadly, Buddy passed away on 4/13/19
April 15th Passover begins – Chag Pesach Sameah to our clients, friends and family of Jewish descent
April 17th Easter Sunday – Have a blessed and Holy Easter!
April 18th Tax Day. Remember to make those IRA or Roth contributions!
April 22nd Earth Day – let’s all recycle, turn out lights when we leave rooms and do all we can for our environment
April 15th My daughter Satya’s birthday
Best regards,
Jim
Sources: Bespoke Investment Group
Although information herein has been obtained from sources deemed reliable, its accuracy and completeness are not asserted. All opinions and estimates included in this report constitute the judgment of the financial advisor as of the dates indicated and are subject to change without notice. This report is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security.
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