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Markets may get a stress test this week from several directions at once
Big tech names report earnings as investors question whether enormous spending on artificial intelligence will produce returns quickly enough. The Federal Reserve also faces an unusually uncertain interest-rate decision, while higher oil prices, rising bond yields, and conflict in the Middle East add more pressure.
Any one of those developments could move markets sharply. Together, they create the kind of week that tempts investors to predict the outcome, reposition portfolios, or wait for greater clarity.
The problem is that clarity usually arrives after markets have already adjusted.
A well-built portfolio does not depend on correctly guessing what the Fed will do, which technology company will exceed expectations, or where oil prices will go next. It accepts that uncertainty is permanent and spreads risk across different sources of return.
That is how PWM handles uncertainty: diversification across large and small companies, U.S. and foreign markets, and public and private investments. Not every part will lead at the same time. That is the point.
The ‘Unsettled’ Vibe That’s Creeping Through the Markets
by Sam Goldfarb and Hannah Erin Lang
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