The Compass – April 2023
Undoubtedly many of us have experienced the typical family road trip where the car is packed, and the kids are in the back seat. Shortly after we begin our trek, we invariably hear the question “Are we there yet?” abounding from the backseat. These days this question is being posed not about the length of the family trip but more often than not it revolves around the following:
Is the Federal Reserve done raising rates?
Has the stock market bottomed?
Is the economy in a recession?
Unfortunately, the answer to all these questions will not be known until much later and in some cases, it could be over one year before we can definitively answer these questions. That being said, we are not idly waiting for clarity to these questions before employing the necessary strategies in managing your portfolio.