Stocks closed higher last week, ending a seven-week slide.
More upbeat corporate news and favorable economic data helped quell investor angst, at least temporarily.
The S&P 500 posted its best week since November 2020 …
… yet … the economy contracted at an annualized rate of -1.5%.
… yet … consumer spending, as measured by personal consumption expenditures, increased 3.1% in the first quarter.
… yet … exports fell 5.4%, while imports increased 18.3%.
… yes … a mixed bag of confusion, volatility and uncertainty.
If this rally has legs, it may be a good time to lighten your exposure to stocks.
Preservation of your capital should be your highest priority.
Contact us for a free review on how to survive this market.
What’s on your mind? Text me at (858) 251-6873.
We are San Diego Fiduciary Financial Advisors and Wealth Managers.
Visit: https://www.higginscapital.com/Meet-The-Team.2.htm
The information contained in this Higgins Capital communication is provided for information purposes and is not a solicitation or offer to buy or sell any securities or related financial instruments in any jurisdiction. Past performance does not guarantee future results.
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Ray Higgins San Diego
Broadridgeadvisor