Will 2023 Be a Bad Year for Stock Market.....AGAIN...?
Will 2023 be a bad year for stock market......AGAIN? Who knows, but history would certainly suggest odds are against it.
There are plenty of headwinds for 2023 (as there are for every year) like possibly the most anticipated recession in modern history. However, statistically, unlikely for another down year though.
Back-to-back down years are pretty rare. Only 4 times since 1928 has this occurred.
4 years in a row ('29 - '32)
3 years in a row - this happened twice ('39 - '41) & (2000 - '02)
2 years in a row ('73 - '74)
Certainly not investment advice, but hang in there and you'll probably be rewarded!!
Interesting fact about the 2022 S&P 500......
Market index will be down about 20% for 2022. Did you realize that 98% of that loss was a result of 5 trading days....?
Sept 13
May 18
June 13
April 29
May 5 - My favorite one (sarcasm)! Down 3.6% this day as FOMC chair, Jerome Powell, assured investors that they were NOT considering future rate hikes of more than 50bps going forward. Subsequently, the FOMC raised the Fed Funds Rate more than 50bps at each meeting thereafter in 2022. Did he lie or just not have a clue what he was talking about?
With that being said, humble yourself - you are not smarter than the stock / bond market. Don't try to rationalize an irrational entity, which are the markets.
Remember, nobody in the history of the stock market has been able to consistently and accurately predict tops / bottoms of the market.
**Disclosure** S&A Financial Services, Inc. is a registered investment advisor. Content presented is for informational purposes only and should not be considered as investment advice or as an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Always consult with your tax advisor or attorney regarding your specific situation.
🎤 Podcast Episode -Thoughts on 2023 and Why it Doesn't Matter
🎤 Podcast Episode - Why I'm a Hypocrite on TIAA Traditional
📆 Jump on MY CALENDAR to see how we can improve your higher ed retirement plan
Check out my YouTube Channel
Other educational podcast episodes found at HigherEd Retire Podcast
*Nothing discussed in this blog post should be construed as investment advice. Each situation is unique and you need to receive professional advice from independent fee-only financial advisor that's familiar with higher ed retirement plans prior to implementing any strategies discussed or thought of on your own.
**S&A Financial Services, Inc. is a registered investment advisor. Content presented is for informational purposes only and should not be considered as investment advice or as an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Always consult with your tax advisor or attorney regarding your specific situation.