Make no mistake about it, the market is down. But this is not 2007 – 2008.
Despite experiencing a significant dip in the market, we need to look past the red in our portfolios to look closer at what is causing the selloff. There is no forced shutdown or recession like there was in 2007, no bubble has popped, and massive government bailouts for companies aren’t needed to save the market from bottoming out.
The current selloff in the market is not due to corporate weakness; it’s due to a lack of confidence and a switch to a more defensive strategy among individual investors and firms. Investor sentiment is at its lowest place since 2008, causing investors to temporarily change their strategies. Four places where investment dollars are shifting to include:
- Commodities
- Hedge products
- Managed volatility products
- Non-correlated assets.
While the dip hurts and it may feel like the right time to get out of the stock market, the market still has a base of strong, growing companies with solid financials that are capable of bringing us out of this dip.
Join BTWM for our Q3 Virtual Lunch Webinar on August 4 at 12 PM
We will be discussing the current selloff, state of the market, and much more during our Q3 Virtual Lunch Webinar on August 4 at 12 PM. You are invited and there is no fee or commitment required to attend.
Topics covered in the 30-45-minute webinar will include:
- Market update
- BTWM nominated for two Readers’ Choice Awards
- Where in the market there’s room to “spring back”
- The battle with inflation
- Recent industry-related events and what I learned
- The sectors that offer leadership
- The 4 keys of successful investments in this market
- Q & A
There is no RSVP required for the event. The stream is accessible from your smartphone, laptop, tablet, or PC. Join us by clicking on the following link: https://www.gotomeet.me/RyanOConnell-BTWM, or by calling in at (669) 224-3412. Use access code 902-937-309.
BTWM is Nominated for TWO Pantagraph Readers’ Choice Awards
