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What Happens Next in the Markets?

What happens next in the markets?

Hi, I'm Laura Rotter of True Abundance Advisors to tell you, nobody has any idea. The Financial Pornography Networks, CNBC, Bloomberg, Barron's, may attempt to convince us otherwise, having market pundits come on and tell us what's going to take place in the financial markets in the next three to six months, but really they have no idea.

Now, there are things that we do know. We do know that the U. S. economy is stronger than had been anticipated. Gross domestic product for the second quarter of 2023 was just announced and came in stronger than what Wall Street had anticipated. We also know that inflation is cooling. One of the Federal Reserve's favorite inflation indicators was announced this morning, and it came in lower than what people had expected and lower than how it came in last month.

And finally, we know that employment remains strong. And perhaps reflecting all of this, the stock market has been much stronger than people expected so far in 2023. So again, what does that tell us about what the financial markets will do in the coming months? Well, it tells us very little. And unfortunately, there is no magic formula that we can use to let us know when we should get in and when we should get out of the market.

I mean, frankly, market timers, more often than not, shoot themselves in the foot. Perhaps the decision to get out of the market could be correct, but then the decision to get back into the market Is never made at the appropriate time frame, and investors who jump in and out of the market ultimately leave a lot of financial return on the table.

So what is my recommendation to you? I'm sorry to say it's pretty boring. My recommendation is take a deep breath. Only make changes in your investment portfolio in response to changes that take place in your life. Stay the course and keep your long term goals in mind. If you'd like to hear more advice like this, please subscribe to my YouTube channel.

I am Laura Rotter of True Abundance Advisors, urging you to live your life on purpose.