Upcoming Event: If you are a Schwab client with our firm, then you should have received an event calendar outlining the events we will have this year. Trying to ensure everyone’s comfort and safety during this time, we are limiting the number of guests that can attend in-person at upcoming workshops. Good news though! Angel will be Live-Streaming our workshop this coming Thursday, January 27th at 5:30 pm. So if you would like to attend virtually, please reach out to Angel for the details. We’d love to have you join us from the comfort of your home! She’ll even have a chat feature in place for you to pose questions to the speaker. All are welcome to attend virtually!
Details about the event: We’re excited to present Chris Kuehl, chief economist for the National Association of Credit Management on Thursday, January 27th at 5:30pm. Mr. Kuehl presents around the country on economic issues effecting the US and globally. He’s a commentator and business analyst for radio, television, and a variety of trade publications. He also co-founded Armada, a company providing economic forecasts for a variety of industries. Mitzi’s heard him speak before and he is a dynamic presenter making the information fun and exciting. There are few seats available for in person attendance, but this event will be live streamed for those interested. Email Angel at angel@msfresources.com to RSVP or a link to online access.
Market Insights: As we head into 2022, I am not surprised to see the stock market in the red. Volatility seems to be picking up and this is normal.
Many do not realize that the strongest short-term rallies in the market do not occur amid bull runs, but rather they are peppered within painful bear markets. While we are not in Bear-market territory yet by any means, I think this is still worth bringing up. To prove this point, here’s a table created by economist, Kevin Muir (author of The MacroTourist):
If you look at the dates for these strong days in the Nasdaq, they did not occur in the beginning, middle, or even end of a bull market. They were sprinkled within very ugly bear markets. We all remember the ugly DotCom bust. During that period, there were over 13 times when the Nasdaq 100 rallied anywhere from 7.77% to 18.77% in a single day! Remember, bear markets have the most violent short-term rallies. It’s important that we keep this as well as the big picture and longer term goals in mind as 2022 unfolds.
I think this chart illustrates well why it’s important to stay invested.
If you are concerned about the market, we encourage you to call our office to chat with Mitzi. Also, you can stay educated by virtually attending our event on January 23rd , and/or watching LizAnn Live any Monday at 2:30pm CT (click here). SchwabLive is a wonderful resource with tools to keep us educated about the markets. Mitzi especially recommends tuning in for “LizAnn Live” on Mondays.