Hi Green Ridge Family!
If you saw today’s news, you probably noticed a down market with a lot of red.
What’s going on? Today’s actions, combined with some selling that happened at the end of last week, has made for a tough few days in the market. Economic weakness, the yen carry trade, concern over Fed policy – whatever you want to attribute it to, today’s movement was abrupt and startling. But let’s look at the reality of where we are now and what to take into consideration when we have moments like this.
- We see very little systemically wrong with the markets that would justify a recession.
- August is typically a weak month. We are only five days in, so it is too early to judge, but it is normal and healthy for markets to have sell offs.
- The S&P is still up a little over 9% for the year.
- This could be enough for the Fed to start cutting rates….possibly…but in September at their meeting, not at an emergency meeting because there doesn’t seem to be an emergency.
We want to remind everyone that from days like these, great future returns are forged! We have been actively looking for opportunities during this market sell off and we will continue to do so. We are doing the exact opposite of sitting on the beach or hiding under our desks. We woke up this morning with ice in our veins ready to take advantage of the storm!
We know that this is unsettling and can be stressful, but please be confident that we are fighting for you and your financial future. As with all moving markets, this too will pass, and we will be stronger for it! Until then, we will find opportunities where they present themselves, both to buy and to sell.
Disclosure:
Green Ridge Wealth Planning, LLC is a registered investment adviser. The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment/tax advice. The investment/tax strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment/tax strategy for his or her own particular situation before making any investment decision(s). You are responsible for consulting your own investment and/or tax advisor as to the consequences associated with any investment.
The opinions referenced are as of the date of publication and are subject to change due to changes in the market or economic conditions and may not necessarily come to pass. Any opinions, projections, or forward-looking statements expressed herein are solely those of the AUTHOR, may differ from the views or opinions expressed by other areas of Green Ridge Wealth Planning, LLC, and are only for general informational purposes as of the date indicated.