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https://preservewm.com
We've been keeping up with the latest headlines...
here are two of our favorites worth sharing.
** Your Money
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The good news is that all three major stock indexes posted gains of at least +6% last week. The bad news is that it happened after teetering on a triple bear, a very rare event when stocks, bonds, and cash are in a bear market.
With world stocks crossing the psychological -20% barrier, bonds to their worst start ever at -10%, and cash rates minus inflation deeply negative, a huge bounce was in the cards. It once again proves how difficult, if not impossible, it is to time the market.
Will a bull market return? A bull market is likely to return, as it typically has. But when? Well, every period is different and there can be no guarantees. It is worth noting however that the prior periods featuring any of these three bears were often very brief. The markets are close to pricing in a recession, but corporate earnings estimates are still projecting growth. Granted, all that growth is second-half weighted and a lot can happen to disrupt that.
That reminds me of the two old Wall Street proverbs:
1. the bull market climbs a wall of worry
2. the bear market slides down the slope of hope
At PWM, despite the worries, we're positioning for a second-half recovery.
The Three Bears? (https://www.schwabassetmanagement.com/content/three-bears?segment=advisor&mkt_tok=MTUzLUhSWS0xOTQAAAGEknkjOSe0zbRXO-DamlCx6df1dP9Y5PBRR7B8krap_70shhMf04m2uAwSzktobot11f_l3ETkITLx-SG1FkKHIlVC5O-_AADPvoreYFUPUTI)
by Jeffrey Kleintop
** Your Life
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Everything about Social Security is huge--from the Administration to the number of Americans receiving payment to the program itself. It’s so easy to get lost in all the details and even easier to misunderstand all the rules and regulations. It’s no wonder that myths about social security start and prevail, leaving Americans confused and misinformed. USN&WR breaks down 8 of the most common misconceptions and the truths for each.
8 Myths About Social Security (https://money.usnews.com/money/retirement/social-security/articles/myths-about-social-security)
by Rachel Hartman
https://www.linkedin.com/in/danheth/
https://www.linkedin.com/in/rosalynn-harvey-heth-mpa-ceps-3a3aa3191/
** Complexity Simplified
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Forget all the new and fancy kitchen cookware. All you need is a cast-iron Dutch oven. Why? Not only can you make soups and stews, but you can also use your Dutch oven for braising, cooking a casserole, baking bread, browning, or searing. Some Dutch ovens will even enable you to bake a chicken whole.
Why You Need a Dutch Oven (https://www.tastingtable.com/667451/what-is-a-dutch-oven-and-why-do-you-need-one/)
by Lucia Capretti
** Trivia
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A: Kate Winslet
Q: In medieval England, what was used as currency, specifically for rental agreements?
https://www.youtube.com/watch?v=FnP7ZaYBdqc
** Back in 1981, this song reached #1
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