🐻 Back to Bear - How To Avoid Behavioral Mistakes During Bear Markets
Global markets pulled back again last week following the Fed's announcement that it would tighten by another 75 basis points and keep rates higher for longer. Major indices are back to their June bear market lows, with the S&P 500 falling 23% year-to-date and the Nasdaq down 31%. Bonds have also struggled as all interest rates across the inverted yield curve have jumped, with the 2-year Treasury yield rising to 4.2% and the 10-year to 3.7% - the highest levels since 2007 and 2010, respectively. Investors have been navigating this challenging market all year, and, for many, it may feel as if there is no relief in sight. How can investors see beyond recent market swings and short-term headlines to achieve long-term financial goals?
We discuss in this episode of The Wealth Effect Podcast:
😨 Investor Sentiment
🎢 Stock Market Bull & Bear Cycles
🐻 Bear Markets & Recoveries
Matt Faubion, CFP®
Founder - Wealth Manager
Faubion Wealth Management
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