September 2022
401(k) Allocation

There are trades.

Neither bear markets nor bull markets are exclusively vertical events … both are typically accompanied by recoveries or retracements along the journey!  July sparked hopes of a return to the bull market of last year but appears to be one of those air pockets we get along the course.  While stocks gave back some of their gains from July, it was bonds that were most impacted by Chairman Jerome Powell’s comments following the Federal Reserve meetings in Wyoming this month where he reiterated the aggressive stance on raising interest rates and holding that line until there is continued improvement in the inflation numbers.  As a reflection of that, most bonds have returned to bear market territory and we are returning you to your “safe” place for your “stay safe” money and moving back to short-term bonds, or stable value funds.  We are leaving the stock allocation as is for the time being.

If you need any assistance in reallocating your 401K / 403b / 457 plan or have not yet had us create your custom “decoder ring”, please give us a call at the office and we’re happy to help!

If you have questions, please contact us.

MARKET UPDATE
FINANCIAL PLANNING
TAX PLANNING

To download the September 2022 Newsletter: CLICK HERE

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