Stocks rallied this week as investors shifted their attention to the Federal Reserve's upcoming May meeting, with strong earnings from several mega-cap technology companies offsetting renewed regional banking jitters and weak economic data.
Gerry Sparrow
133 posts
Investing involves risk, including the possible loss of principal, and it's essential to diversify and seek personalized advice to navigate market fluctuations.
Tune out the noise and focus on what you can control, like your time horizon, risk tolerance, and goals. Because I can promise you one thing: there will be several more headlines in 2023 that will cause stock prices to react.
Warren Buffett's quote, 'Remember that the stock market is manic depressive,' highlights the importance of not getting caught up in short-term market fluctuations.
The Federal Reserve is at a bit of a credibility crossroads, supervising and regulating the banking system as a means of protecting consumers is one of the Fed's most important roles.
Fresh earnings reports fueled further gains, with positive earnings surprises from several big-name technology companies that benefited the larger universe of Nasdaq-listed high-growth companies.
Is the bear market over? That's a question I've been asked a number of times in recent weeks, and my answer is the same: let's give it a little time.
The upcoming Q4 GDP reading will be closely watched to gauge the state of the economy, with implications for the potential timing of a recession.
The Fed Governors now need to determine how much further they need to go with higher interest rates, which have been used to slow the economy and tame inflation.
Developing a strategy and taking control of your financial future can help you avoid the costs of procrastination and achieve your goals.
The recent passage of SECURE Act 2.0 has significant implications for retirement planning. With the age for taking RMDs increasing to 73, individuals turning 73 in 2023 may want to reassess their approach. As more details emerge, it's essential to consult a financial advisor or tax professional for personalized guidance.
