Remember, the only choice is optimism, the pessimists never get it right.
Lots of talk last week but very little action when it came to the 3 major stock market indexes last week, all of them staying near their all-time highs. But, for some reason, investors are in a historically bad mood. (See attached article)
With everyone waiting for a correction, maybe it's time for new market highs.
What's heading down the pike may change that. The tax proposals coming out of congress and the Federal Reserve's rate cycle may change that. By the way, nobody wants to see tax increases. More than 80% of those polled don't want to see tax increases coming out of the pandemic.
The economy remains strong, and inflation is easing. The available job openings combined with the unemployment rates continue to be an issue. However, when you pay people not to work, who can blame them for not wanting to work?
As part of my weekly research, I ran across a great article summarizing the power of dividends. Part of the strategy used in our portfolios is capturing not only market appreciation but investing in companies that pay dividends. The Power of Dividends and Dividend Growth is a vivid reminder of that strategy at work. Some might say the timeframe is way past my life expectancy, but but leaving a legacy for your children and grandchildren do.
As always, should you have any questions or wish to meet with or talk with me, please don't hesitate to email, or call.