S2 Thoughts
Keeping It In Perspective (11/1/2023)
Back in the 1st quarter of 2023 we asked you to guess how the stock market had been performing during the 1st quarter. We asked that you don’t google or research, just what did you think. Many of you were surprised that the market was up 7.4% in the 1st quarter, even with all the crazy news!
Well, it’s that time again. How do you think the market has performed year-to-date? NO googling!
Look at the news we have been absorbing all year.
- Potential Government shutdowns
- NO current speaker of the house
- The war in the Ukraine
- The recent attack in Israel
- Legal issues facing presidential candidates
The list goes on and on. You begin to wonder how we will survive all this.
So back to our question---how have the markets performed. Drum roll please.
The S&P 500 is up 14.3% year-to-date as of October 16, 2023.
We always tell you that markets are very forward-thinking, meaning by the time we hear news the market has probably reacted already.
This is not to say that these issues aren’t serious, because they are.
However, over the last 5 years the S & P 500 is up 65%. 2653 on Oct. 1, 2018 and 4380 on Oct. 16, 2023. Now think about all the negative issues that we’ve been through in the last 5 years, which includes the Pandemic!
This is reminder to you that we always tell you, that we always tell you, build a plan you feel comfortable with and most importantly….
Keep it in Perspective!