By We have a saying down here in South Florida.
If you don’t like the weather, wait five minutes.
In Delray Beach, you can literally have beautiful blue sky one minute — and a torrential rain shower the next.
That’s exactly how the market felt this week.
Take Thursday, for example.
Core inflation rose to a 40-year-high, almost guaranteeing more interest rate raises to come.
U.S. stocks opened lower on the news, but that soon changed…
By the end of the day, the S&P 500 closed 2.6% higher. This was after it fell as much as 2.4% earlier in the session.
That’s a big intraday turnaround.
And I know that it’s tough to know what to do in an environment like this…
But here’s what Ian had to say to his True Momentum subscribers this week:
I just want to state the obvious — it’s an uncomfortable market to buy in.
Stock prices are constantly shifting. One minute the Dow Jones is up — the next, it’s plunging 600 points. Interest rates and inflation are both high.
And you’ve likely suffered some of the heaviest losses this year alone.
Believe me, I get it.
But I’m here to tell you — some of the biggest fortunes in history were made in the most brutal of markets.
And I know these aren’t the things we want to hear when we’re taking losses.
But I’d be remiss if I didn’t encourage you to hang in there to see your financial goals through.
So for this week’s Reader Appreciation Day, we’re taking a brief pause from sharing your emails…
But we’re still turning the spotlight on you, Winning Investor Nation!
We have a brief survey for you to take.
All you have to do is tell us:
What Are You Doing During This Bear Market?
