Today marks the beginning of the second half of the year, following a successful first half. The market opens for the second half after witnessing impressive performance in the NASDAQ up approximately 31.7% and a S&P 500 15.9%.
It’s important to consider where we might be heading from here. It’s worth noting that today’s trading session will be shorter, closing at 1 o’clock Eastern time, as Wall Street celebrate the 4th of July. It will be closed tomorrow. Most Wall Street professionals are off for the long weekend. Therefore, it’s not advisable to make major moves in the market today. Instead, if you’re involved in the markets, it would be a good opportunity to focus on organizing and optimizing your financial situation. This day presents an ideal chance for research and education if you plan to engage in the market. Take advantage of the long holiday weekend and enjoy it. Happy Fourth of July!
While there are several positive signals in the market, it’s crucial to recognize the reasons for concern as well. However, by focusing on long-term investments and staying committed to thorough research, we should be able to navigate any challenges. These are exciting times in the market, and if you manage to get in at the ground floor, there is potential for significant gains in the next 3 to 5 years, albeit with potential hiccups along the way.
What lies ahead for today? The market will be eagerly anticipating the jobs report on Friday. The presence of an inverted yield curve, strong housing market, and high consumer confidence, despite elevated interest rates, indicate signs of inflation. While there are indications of a possible market slowdown or recession, the optimism and confidence alone may be enough to propel us towards the next bull market.
As always, caution is advised, and it’s essential to remain disciplined and well-informed as a Fiscal Investor. Use this day to ensure your financial matters are in order and make the most of the long weekend. Remember, the market will resume on Wednesday. Happy Fourth of July!
