With the S&P 500® and Dow Jones Industrial Average hitting record highs recently, the bear market is officially over. But is this momentum sustainable? Schwab Senior Investment Strategist Kevin Gordon joins host Mike Townsend to dig into the latest economic data and discuss some potentially worrisome signals as well as signs of improvement. They also preview the upcoming Fed meeting and the outlook for rate cuts in 2024, discuss how rolling recessions are starting to become rolling recoveries, and remind investors why they should not let this year’s presidential election become an investing distraction.
And Mike provides an update on the latest from Washington, where lawmakers again barely averted a government shutdown, there is surprising bipartisan support for a tax bill, and the SEC reluctantly approved the first Bitcoin exchange-traded funds.
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Lower rated securities are subject to greater credit risk, default risk, and liquidity risk.
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Digital currencies [such as bitcoin] are highly volatile and not backed by any central bank or government. Digital currencies lack many of the regulations and consumer protections that legal-tender currencies and regulated securities have. Due to the high level of risk, investors should view digital currencies as a purely speculative instrument.
Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, small capitalization securities and commodities. Each individual investor should co…
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