Remember, the only choice is optimism, the pessimists never get it right.
It’s important to have a long-term perspective. Easier said than done with all the scary headlines and talking heads predicting the end of the bull market. At 10AM on Monday after the S&P had dropped 1.8% one commentator predicted the end of the bull market. I wonder if he still had a job at 5PM on Friday.
After a sharp selloff in all the major US stock indexes on Monday all 3 indexes closed at new all-time highs. Earning season continues to post upside surprises. And, despite government interference, people are heading back to work. That should accelerate when the extra $300/wk unemployment benefits expire in September.
The one huge fly in the ointment is “Policy Change”. (Read tax increases) I don’t know if the democrats will succeed but the push to raise taxes through budget reconciliation, which only needs a majority vote in the senate, is certainly on their agenda.
The attached article “Wall Street heads for records as it closes tumultuous week” is a good summary of what happened last week.
One note we should all remember is that equity markets can temporarily appear to lose value. Another good thing to remember is that history is on our side as the historical returns of the S&P 500 beat inflation by a long way.
If we’re still breathing, we’re getting older. When I found the second article “How to Make “Brain Gain” Happen” it is certainly timely. As everyone that’s watching can see, our president is a good example of what can happen as we age. My mother suffered severe dementia to the point of not even knowing me the last time we saw her.
. Jean & I are doing many of the items listed by Jeff Victoroff, M.D. One of our biggest challenges is the game of bridge. While frustrating at times, that game certainly is a challenge. I hope you enjoy this article.
Over the next couple of months, I will be integrating some improvements and new capabilities to our firm. Please stay tuned as we introduce these improvements. And should you have any suggestions, please do not hesitate to send them. Now lets all go out and have a super week. As always, should you have any questions or wish to meet with or talk with me, please don’t hesitate to email, or call.
PS: This is not an offer to buy or sell securities. No investment process is free of risk, and there is no guarantee that the investment process or the investment opportunities referenced herein will be profitable. Past performance is not indicative of current or future performance and is not a guarantee. The investment opportunities referenced herein may not be suitable for all investors.