The equity and bond market worldwide has entered into what many believe is the “capitulation” stage. This usually entails widespread selling without regard to economic fundamentals or positive earnings reports. It is typically a time when speculative (not long-term) investors experience enough emotional distress that they will sell their positions at any cost and without …
You’ve heard us preach that long-term market trends are more important than short-term movements. This idea is crucial to financial sustainability, and once again, it is tied directly to current market conditions. However, this time there is a twist – right now, it applies to fixed income positions more prominently. Bond prices are inversely correlated …
Once again, panic runs rampant in the headlines of the financial world. Describing and understanding this market contraction proves difficult due to the sheer number of variables at play: the FED open market operations, interest rate hikes, Omicron, and the perceived overvaluation of high growth companies, to name a few. With that said, GDP numbers …
A Brief History of Interest Rate Hikes, and What A Hike Means for Your Portfolio Read More »
Once again, the market has taken a noticeable pull-back. With Fed decisions and Covid flashing in the news, uncertainty is in the air. As we process rapid market movements, let’s review some historical comparisons. First, on average, the market experiences a sizeable drop once a year. So, market corrections are not a surprise – …
As we took in the events of 2021, Legacy positioned our portfolios in expectation of inflation rearing its head due to supply chain issues. As a result, we intentionally allowed our allocation to equities to drift upward to combat inflation and capture returns provided by the equity markets this year. As expected, despite the recent jitters …
