Is the Recovery Real?
What a difference a couple of weeks make. Two weeks ago, the media portrayed a market plunging into the abyss, egged on by potential war in the Middle East, recession in the U.S., and the dramatic collapse of Japanese stocks. Fast forward two weeks later, and Japanese stocks have recovered over half the loss, while the S&P 500 is just a few points off all-time highs. In this week’s update, we review the power of time vs. timing in the market and how lower interest rates may impact your portfolio.
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