The stock market ended a volatile week on a gloomy note Friday, with the three major U.S. indexes plunging as investors got tripped up in worries like...
The stock market ended a volatile week on a gloomy note Friday, with the three major U.S. indexes plunging as investors got tripped up in worries like inflation, the Fed’s fight against it and fears of a hard-landing recession.
As confidence got pummeled as well, financial experts recommended that investors not panic, but think about long-term strategies instead. Almost 44% of people say the market is moving in a bearish direction, according to the latest weekly sentiment gauge from the American Association of Individual Investors. That’s almost 14 percentage points above the 30.5% historical average on bearish sentiment in the ongoing tracker.
In the same poll, roughly four in 10 investors said they felt more confident in their ability to protect their finances in any upcoming downturn and 38% said they felt confident in their ability to invest in the stock market. Here’s where it’s important to take a breath and avoid doing anything drastic, experts say — especially with the recession talk continuing.“While sustained inflation and a more aggressive Fed is a risk to the economy and financial markets, a recession in the next 12 months is not in our base case,” wrote Solita Marcelli, chief investment officer Americas at UBS Global Wealth Management.
Besides, there’s the long-term story to remember. Think big and think about the long game on investing during downturns and bouts of volatility, said Scott Bishop, executive director of wealth solutions at Avidian Wealth Solutions, based in Houston, Texas.
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