Markets rallied on better-than-expected data on Friday.1 It was a bright spot in what has seemed like a relentless parade of bad news.
The Dow, S&P 500, and Nasdaq all closed out the week with wins, recovering from a 3-week Federal-induced slump.1
Is this the bottom of the bear market?
Maybe. Or maybe we’re somewhere in the middle with the loop-the-loops.
Be prepared for volatility to continue.
Consumers tend to focus a lot on the numbers, however, emotions and behaviors may matter even more.
Knowing how to stick with a strategy during the volatility in the market is a HUGE part of being a successful investor.
Market bottoms don’t come with a signpost. There’s no one waving a flag saying, “the worst is over, it’s all downhill from here!”
The end of a bear market looks an awful lot like the middle, and many times we don’t know if the bottoms in until after we’re already past it.
It’s so important to stick to a strategy and not let the euphoria of a rally or the fear of drops sway your decisions.
Investors who bail during the downturns and miss the ride back up tend to lose spectacularly.
Why? Because the best days and worst market days have historically clustered.2
We don’t know how long this bear market will last. We don’t know if a recession is coming.
We do know this: You can’t enjoy the upside of the rollercoaster if you get off at the bottom.
Bottom line: it’s nice to get a reprieve from the selling pressure, but let’s be (emotionally and financially) prepared for a lot more volatility ahead.
Our Team is keeping an eye on it for you.
Prevail Innovative Wealth Strategies
1 – https://www.cnbc.com/2022/09/08/stock-market-futures-open-to-close-news.html
2 – https://www.cnbc.com/2022/03/09/you-may-miss-the-markets-best-days-if-you-sell-amid-high-volatility.html
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