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\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0August 2024 – Current Market Update<\/em> <\/strong><\/p>\n The most repeated words when it comes to investing; Is This Time Different?<\/strong><\/p>\n The short answer is no, but let us address the fact that we understand how difficult it can be when enduring these tumultuous times. It\u2019s never easy seeing short-term volatility due to unpredictable events having such a dramatic impact on the markets.<\/p>\n To add to the stress, traditional and social media\u2019s commentary on recent financial events is rarely dull. As a matter of fact, it is the exact opposite. It\u2019s created to increase viewership, rating, and increase clicks\/likes. Just last week a small business owner and prospect asked, \u201cHow are you? Considering the world is tanking!?\u201d I almost fell out of my chair. She doesn\u2019t follow daily markets, nor had we spoken about the markets that day, and if even if we had, that wouldn\u2019t have been my outlook on recent events. So where did this comment come from – social media of course. Recent headlines like: \u201cThe Sky Is Falling\u201d or \u201cMarkets Are Going to the Moon\u201d have recently been on major news outlets. The impact of media can be drastic on how we\u00a0feel<\/em><\/strong>\u00a0<\/em>about recent market fluctuation, causing us to feel invincible or vulnerable.<\/p>\n Getting back to the most recent headline; Is This Time Different? At Cassidy Financial Services we don\u2019t think so, and let\u2019s get a handle on why:<\/p>\n 1.) A mere two weeks ago we hit all-time highs on the S&P 500. As we write this, the S&P 500 is still positive for the year\u00a0and that\u2019s after a recent correction. The all-time highs were driven by very solid corporate profits, reasonable employment reports, and the belief that we are in the process of slowing inflation down. Much of this current volatility is driven by market timers and traders – not investors – please know that there is a tremendous difference. We are rewarded for owning high quality companies over longer periods of time as opposed to short term holds of weeks, months, or even a year.<\/p>\n 2.) Unfortunately, this type of market volatility is more common than any of us would like. We are now enduring our 4th market correction since October of 2018. There are some similarities to each time we had a correction:<\/p>\n a.) The market was at an all-time high – September of 2018, January of 2020, December of 2021 as well as our most recent high reach in July of 2024. There\u2019s one constant\u00a0with each of the previous market corrections – we reached new all-time highs each time following the correction – and we do not believe this time to be any different.<\/p>\n b.) The corrections happened in a relatively short period of time which can cause emotional decisions to be made. Again, each recovery happened sooner than most had anticipated. It can be very costly by trying to \u201ctime the market\u201d as simply missing the beginning stages of a market recovery can be very costly.<\/p>\n c.) Multiple \u201cevents\u201d happening – or even simply the threat of an \u201cevent\u201d \u2013 influenced the magnitude\u00a0of<\/strong>\u00a0this particular correction. Currently we have the \u201cslowing of United States economy\u201d, Japan\u2019s financial woes, as well as, geo-political threats in the Middle East. In our view – while we\u2019d love domestic inflation to drop quickly – not much with the economy moves as fast as we\u2019d like (please keep in mind the markets are not the economy). That said, we believe that given the current and projected employment numbers coupled with corporate earnings, we are in a reasonable position moving forward for continued success.<\/p>\n Given all of this, it\u2019s always good to review your personal time horizon for your investments. It\u2019s also important for us to review your diversified portfolio with you. We want to be sure that those needs are being met – while tolerating short-term market corrections. Please feel free to call our office at 860-623-0104,\u00a0or email us at any time to schedule an in-person meeting, zoom or phone call at your convenience.<\/p>\n As always, we appreciate the opportunity to service your financial needs. Communication and education are the keys to successfully navigating these markets.<\/p>\n All the best,<\/p>\n Brian, Arnie, Dan and JT<\/p>\n As usual this commentary is based solely the opinions of Cassidy Financial Services. Nothing in the above written material is endorsed by, or written by, or provided by Cambridge Investment Research, Inc., or by any other outside party or firm.<\/em><\/strong><\/p>\n Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker\/Dealer, Member FINRA\/SIPC.\u00a0<\/em><\/strong><\/p>\n Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cassidy Financial Services, LLC. and Cambridge are not affiliated.<\/em><\/strong><\/p>\n https:\/\/www.cassidyfinancialservices.com\/<\/a>\u00a0<\/strong><\/p>\nContact<\/h4>\n