Buckle up! The ride is about to start!

Last updated on May 3, 2023

It is going to be a rough day today. Disappointing numbers from Alphabet, Apple, Amazon, Ford and many others are going to be leading the market down. If you thought the last week was going to continue, you were not looking at reality. The market never goes straight up and it is a common saying not to fight the FED. As the FED continues to tighten, it is going to make the market a bit crazy. Fortunately, most the economic numbers are looking better. It is a process. We want to continue to add to quality positions and be patient. And if you don’t know what to buy, look at a government bond ETF. If you can get 4-5% with little risk, that might be the best option until this market gets some legs. Regardless, the market has some signs of life. Let’s be positioned and ready to profit once we start getting better financial numbers. I have confidence there will be a spending bill eventually. Jobs will continue to weaken with the current interest rate environment. Why? Housing is not as affordable as last year. 20-30% of the economy is dependent on it. Investors are looking for safer investments…Why buy a tech company with no earnings or dividends when you can get good returns in bonds? The economy is resetting. Be patient!

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