Thoughts On The Market
Dear Clients & Friends,
The link here will take you to our website and Larry Adam, Raymond James Chief Investment Officer’s most recent market update…
https://www.raymondjames.com/legacyfinancialgroup/resources
After strong gains the past few years, a combination of rising interest rates, systemic and COVID supply chain related inflation & geopolitical uncertainty due to Russia’s invasion of Ukraine has sent the stock & bond markets for a sharp correction. As we have all seen as long-term investors, the stock markets will recover and move on to new highs and the bond markets adjust to a higher rate world. Higher rates will become an advantage to bond holders over the long run. Many fundamentals of the economy remain strong and we will continue to monitor, assess, and take actions as needed. With both stock and bond markets negative for 2022, an old saying in investing seems apropos- “Diversification works over time not every time.”
As always, feel free to reach out the team here at Legacy with any questions or concerns!
