40.5K
Downloads
296
Episodes
Chris Perras, CFA®, Chief Investment Officer of Oak Harvest Financial Group shares his insight into the markets based on 25 years experience. Advisory services are provided through Oak Harvest Investment Services, LLC, a registered investment adviser. Insurance services are provided through Oak Harvest Insurance Services, LLC, a licensed insurance agency.
Episodes
Friday Feb 17, 2023
Friday Feb 17, 2023
This week's topic, technically speaking, the S&P500 achieves a "Golden Cross" on 2/2/2023, and historically, that is a good thing.
For the better part of the second half of 2022, viewers of financial news and readers of internet financial newsletters were bombarded with a constant negative message supposedly "backed up" by an ominous chart of the S&P 500. The negative messaging was the coming "collapse" of the US stock market in the 4th quarter of 2022 and the first quarter of 2023. This is even though the S&P500 had already dropped over -27.5% peak to trough in nominal terms and – 35% in real terms from its early 2022 peak. These declines were in line with the average bear market, the average recession decline for stocks, and normal mid-term 2nd-year Presidential decline.
Do you need a retirement plan that goes beyond allocating funds to truly fit your needs? We can help you create a retirement life plan customized for your retirement vision and legacy. Call us at (877) 404-0177 @or fill out this form for a free consultation: https://click2retire.com/Connect