04/18/2024

Back to the Charts- The Bull Market Continues!

Hello Everyone - For now the Bull Market in stocks is alive and well.  5-10% corrections like we are currently experiencing are very normal. Our general strategy remains unchanged at this time. That is: Long-term money should stay the course and even buy the dips when they occur. Short-term money should utilize current CD rates that are well above 5%.

Yes, I remain optimistic at this time as the trends signal more gains to come by the end of the year. But, be prepared for some normal summer volatility as the AI hype wears off and the election comes more into focus.

One thing to consider is this: if you find yourself becoming more and more sensitive to risk and volatility, for whatever reason, it may make sense to reduce stock exposure and add some more to your CDs here instead. 5.25% or even a little more is not all that bad if it helps you sleep at night.

Thank you and please email me with any questions or concerns you might have!

Mike

Below see chart of Dow Jones Industrial Average (the Dow) since 2017. The Dow is a highly followed stock index that includes 30 of the largest companies in the United States.

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