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“With more interest rate cuts, market volatility on the horizon, here’s what investors can do to prepare” The fourth quarter certainly will not be a quiet one for the US economy. The Federal Reserve recently began implementing their rate cutting cycle with a first cut of 50 basis points. We also have a hotly contested presidential election in November. There will be volatility in the markets fueled by headlines and national events. As we always preach, your best plan of action during short-term volatility is to stick to your long-term plan.
"Ignoring the Bumps”
The US stock market experienced two notable declines in 2024, one in April (5.7%) and another in July-August (8.5%), yet the overall market performance remains strong, with the Russell 3000 Index up 17.1% by the end of August. This highlights the importance of not overreacting to short-term market dips, as such fluctuations are often part of long-term upward trends. “27% of adults have taken bad money advice from TikTok — here’s why so many people get duped” Social media can be a great resource for information. However, it's important to vet who you are receiving information from. Especially as it pertains to finance, the decisions you make can have lasting effects. Young people especially have flocked to social media apps like TikTok for information, like personal finance tips. The information is often not given by regulated financial professionals, which leads to bad advice and tough lessons for the people following the advice. Make sure the advice is coming from a professional, or if you are curious about something that is recommended, you can always ask us.
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