08/30/2023
Newest Krilogy Weekly Market Recap & Foward Outlook Below:
"The market still sits roughly 8.5% below its intraday high that occurred on January 2, 2022. The market continues to see mixed singles from an economic perspective and a disparity between actual earnings results and expected. As long-term investors, we believe it is important to remind ourselves that we invest with a multi-year perspective. Going back to 150 years, investors in the US would have experienced a negative return 10% of the time on a rolling 5-year basis, less than 3% of the time on a 10-year basis, and would have had a positive return 100% of the time on a 20-year basis7. Having a proper asset allocation that matches your risk profile is imperative to being able to navigate volatile times. If history is any guide, we know only a few truths of the stock market. It goes up and down in the short term but ultimately goes up over the long run."
The S&P 500 snapped its multi-week skid and ended the week up 0.8%. Fed Chairman Powell's comments about the possibility of future rate hikes at the Jackson Hole Summit caused short-term yields to jump. Volatility is likely to persist in the rate market and we believe it presents long-term opportuni...
