On August 2 alone, the Dow fell by over 600 points, and the NASDAQ entered into correction territory. This came on the heels of a similar slide the day before. The reasons for this drop are fairly simple to understand: A spike in unemployment, coupled with fear that the Federal Reserve has waited too long to cut interest rates.
When you think about famous board games, Candy Land® has to be near the top of everyone’s list. But did you know the bittersweet origins of this classic game all started with the polio epidemic?
As investors, there is a lot to learn from “Miss Unsinkable.” At the age of 24, Violet Jessop was employed as a steward on board the RMS Olympic when it collided with the HMS Hawke. While both ships were heavily damaged, the Olympic made it into port. As her first crash at sea, with no need to abandon ship, it seemed to have been a non-event in her memoirs.
Let’s say you’re preparing for a summer trip to the beach. What would you put in your suitcase? A swimsuit, probably. Sandals. Sunscreen. Plenty of shorts and t-shirts. Sunglasses and a hat. Then, when you take a step back, you realize you still have space for a few more items. What do you choose? More beach gear? Makes sense – after all, it’s the middle of summer, and your destination is famous for being the perfect place to work on a tan. When 2024 began, inflation was near its lowest point in two years. As a result, many investors figured prices would continue to drop, and the Federal Reserve would lower interest rates sooner rather than later. (And possibly even several times throughout the year.) In other words, they “banked” on warm weather and sunny skies, then packed their suitcase accordingly.
There are a lot of misconceptions that spring up every four years about what presidential contests might mean for your portfolio. Most of these cause investors to worry unnecessarily. As your financial advisor, it’s my job to help you feel confident in your financial future, not anxious. So, let’s do a brief dive into three misconceptions about election season and the markets.
Name, rank, service number, and date of birth. That was the only information Donald Cook ever told his captors. Donald Gilbert Cook. Captain, U.S. Marines. August 9, 1934. Even when he was beaten, even when he was starving, even when he was sick, it was all he’d ever say.