The stock market ended a volatile week on a gloomy note Friday, with the three major U.S. indexes plunging as investors got tripped up in worries like...
The stock market ended a volatile week on a gloomy note Friday, with the three major U.S. indexes plunging as investors got tripped up in worries like inflation, the Fed’s fight against it and fears of a hard-landing recession.
As confidence got pummeled as well, financial experts recommended that investors not panic, but think about long-term strategies instead. Almost 44% of people say the market is moving in a bearish direction, according to the latest weekly sentiment gauge from the American Association of Individual Investors. That’s almost 14 percentage points above the 30.5% historical average on bearish sentiment in the ongoing tracker.
In the same poll, roughly four in 10 investors said they felt more confident in their ability to protect their finances in any upcoming downturn and 38% said they felt confident in their ability to invest in the stock market. Here’s where it’s important to take a breath and avoid doing anything drastic, experts say — especially with the recession talk continuing.“While sustained inflation and a more aggressive Fed is a risk to the economy and financial markets, a recession in the next 12 months is not in our base case,” wrote Solita Marcelli, chief investment officer Americas at UBS Global Wealth Management.
Besides, there’s the long-term story to remember. Think big and think about the long game on investing during downturns and bouts of volatility, said Scott Bishop, executive director of wealth solutions at Avidian Wealth Solutions, based in Houston, Texas.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Denver weather: Extreme fire danger not seen in over a decade on FridayAvoid anything that sparks today. Most of Colorado is seeing fire conditions not seen since 2011. It's a perfect storm of low humidity, wind and heat. The NWS is encouraging residents to be prepared for possible evacuations. COwx
Read more »
Villanova's Jay Wright, Kyle Neptune to speak at press conference FridayLegendary Villanova men’s basketball coach Jay Wright will discuss his retirement during a Friday morning press conference where long-time assistant Kyle Neptune will be introduced as his successor.
Read more »
Showers expected Friday morning in SoCal, but pleasant weekend aheadThat's rain you see on the MegaDoppler right now. Showers and potential thunderstorms for your Friday commute, then a major change for your weekend. Grab your umbrella and some sunscreen. ABC7Dallas breaks down the wild forecast. Tonight at 11 from ABC7
Read more »
Pickerington students in grades 7-12 on virtual learning Friday due to substitute shortageStudents in Pickerington Local School District grades seven through twelve will attend virtual classes Friday due to a substitute staff shortage, the district announced on social media.
Read more »
Tens of thousands of Palestinians flock to Al Aqsa Mosque for Friday prayerRoughly 150,000 Palestinians gather at the flashpoint Al Aqsa Mosque on the third Friday of Ramadan in defiance of Israel’s restrictions on access to Islam’s third holiest site
Read more »
Dow closes down 979 points Friday, books worst day since October 2020Stocks finish sharply lower Friday to book weekly losses, as Wall Street focused on a potentially compressed timeline for the Federal Reserve to swiftly...
Read more »