Officially Entered a Bear Market

If you have opened any news website in the last 24 hours, you’ve been hit with the news that we “officially entered a bear market”.

The truth is, even if the bear market didn’t become “official” until June 13th, a large number of US stocks have been mired in bear markets of their own for months and months now. 

I’m writing to you because we believe that when the markets go down, communication from your advisor should go up. 

We know how tough it is to watch the stock market right now. To see inflation soaring and the can’t-believe-it numbers at the gas pump. We are all feeling the effects of higher prices and watching the news about the economy just continues to get worse. In the world of 24-hour news cycles and constant notifications on our phones, it can feel relentless and overwhelming. 

Of course, we all want to stay positive and focus on the long-term, but we also understand that it can be really hard to do that in environments like this. It is one thing to understand your risk tolerance in theory - and another to have it tested. 

Living through a bear market is never easy, but it can be helpful to remember that the market moves in Bull and Bear cycles. It's just the length and depth of those cycles that is undetermined. 

That being said if you are starting to question whether your budget and spending is still realistic given the current environment and the value of your portfolio, or if you just want a reassuring voice to talk to, remember that we are always here for you. 

We are all in this together. Talk to you soon.