Market Recovery Hinges on Rapid Drop in Inflation
We are just a few weeks into 2023 and we are already seeing a 5% increase in the US Stock market. At this point, any market increase is very welcome, considering 2022. Additionally, it looks like the biggest hope nationwide right now is for inflation to subside. The consumer price index is down from its peak. Home prices have flattened out across the country, as interest rates are still high. Unemployment is holding steady at 3.5%. It seems that no matter what the Feds do, they can’t seem to crush jobs as much as they’d like, to help slow down the economy. If inflation does subside, we have a chance to “not drive off the cliff”, as many people have been talking about. However, it is crucial to remember that we are not invested just for the year 2023, but in most cases, we are invested for 30+ years. Consequently, one bad year or even a few bad years won’t make that big of an impact on your long-term investments.
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Casey Smith
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