(678) 971-1337

Access Your Account Online
☰ Menu
Planning & Economy

Any Day Now You’re Gonna Lose Your Shirt

June 17th, 2019

The Wall Street Journal is my favorite read. And, yes, once in a while they disappoint.

The gist of the article is that market cycles do not last forever and that no one really knows when the tide is going to ebb: All of this is true enough, but the implication that the author is going for, and thus the headline effect, in my opinion, is to prod the reader into the pessimists’ abyss.

Also, I found the claim that this was the longest bull on record, “…the longest in the S&P 500’s more-than-90-year history.”, incorrect. The longest bull market defined as a come-back from at least a 20% fall from a previous high was 14.8 years* (circa 1947-1962) followed by a 12.8 run (circa 1986 – 1999); the current bull market is around ten years old, a mere middle-ager in secular market speak.

Wealth Management Firm Near Me - June 17th 2019 Graph IMGRepeat after me:  “Past performance is not indicative of future results”

Now take a look at the chart.  Even if the business cycle may be slowing, not the market cycle – whatever that means, equity markets can continue higher for long periods, including recessions.

It’s not quite abyss time yet.

 

 

Our portfolios are fully invested

Carlos Dominguez – CERTIFIED FINANCIAL PLANNER™, Portfolio Manager, RJFS

When you get a minute try out our risk discovery tool – tell your friends.

https://www.dominguezandjones.com/my-risk-o-meter/

 

Sources:

*https://www.ftportfolios.com/Common/ContentFileLoader.aspx?ContentGUID=4ecfa978-d0bb-4924-92c8-628ff9bfe12d

https://www.macrotrends.net/2324/sp-500-historical-chart-data

https://www.wsj.com/articles/what-yogi-berra-would-have-said-about-this-bull-market-11560524404?mod=hp_featst_pos2

 

Links are provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website’s users and/or members. The preceding information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of Carlos Dominguez and not necessarily those of Raymond James. All opinions are as of this date and are subject to change without notice. Investing always involves risk. There is no assurance that any investment strategy will be successful. Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional.

Every investor’s situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Investors cannot invest directly in an index.Past performance may not be indicative of future results.

My-Risk-O-Meter® is a registered trademark of The Dominguez & Jones Wealth Management Group, LLC. #5,675,451

 

Securities offered through Raymond James Financial Services, In., Member FINRA/SIPC.  Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Dominguez & Jones Wealth Management Group is not a registered broker/dealer, and is independent of Raymond James Financial Services. Raymond James financial advisors may only conduct business with residents of the states and/or jurisdications for which they are propertly registered.  Therefore, a response to a request for information may be delayed.  Please note that not all of the investments and services mentioned are available in every state.  Investors outside of the United States are subject to securities and tax regulations within their application jurisdications that are not addressed on this site.  Contact your local Raymond James office for information and availability. Links are being provided for information purposes only.  Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors.  Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users and/or members.
Click Here to view the Raymond James Corporate Privacy Notice.