Hello clients and SCWPerS Nation. I hope everyone out there is having a fantastic weekend I hope everything is coming up roses and that you are healthy, wealthy and wise. And for those of you who are out there in SCWPerS Nation, I hope you are SCWPering your little tails off. And for those of you who don’t know what SCWPerS are, well is the acronym for second childhood without parental supervision. We want you to go play and have fun and be a kid again. So speaking of kids, again, my grandson my daughter told, texted me and said that the wars have begun. And I’m like the wars, what wars are you talking about? She goes, Well, we’re potty training the grandson, and he’s very headstrong. So apparently, those wars have begun. My oldest daughter, we she was very trainable, all we had to do was bribe her. We used to have a big glass bowl of m&ms. And if she went to the potty the way she was supposed to, she would get two of them. And it got to the point where as she was running to the bathroom, she would yell, I want a yellow one and a green one. So you got to figure out what motivates the kids if you want them to do what you want. Anyway, let’s talk about this week, we got the inflation numbers, they came in CPI. And guess what it was lower. It was good news. But the market on the day was announced yesterday, Thursday, it tanked. And so what caused that, why did the stock market go down so much? Well, as we’ve been saying to you for many, many years now, what the stock market cares about is profits, also known as earnings. And what the and on that day, there were several companies that came out with really bad earnings, big companies. And so that kind of spooked the market that Oh, no earnings are going to be bad, and therefore there was a sell off. But you may have noticed that on the same day, the bond market did phenomenally well, which is what we’ve been saying was going to happen when we bought our bonds, we said the reason we were doing that is because when the Fed starts to lower interest rates, or at least when the market determines that the Fed is going to lower interest rates, that the bond market would do very, very well. And in fact, over the last two or three months, if you look at our bonds, you’ll see that they have they’ve had a pretty good period. And we anticipate that when the Fed actually does lower interest rates with which right now it looks like to be in September. If that were to happen, Katie bar the door, we think that the second half of this year bond, our bond portfolio should actually do better than our stock portfolio. So but does that mean our stock portfolio is not gonna do well? No, because we think profits are going to continue, as the Fed lowers interest rates, cost of money goes down, consumers can spend more profits should rise. So it looks very much like pretty much everything’s going to do well in the second half of this year. So we’re very optimistic about it. So that’s all good news. We always as you know, we plan for the worst, and we hope for the best, right? We don’t do the opposite. We don’t think that’s very smart. And so we always have our Invest and Protect Strategy ready to get you out if things change for the worst. And that’s, you know, obviously what we’re going to do. If it comes to that. We don’t see it happening, but we have it ready. You know that we always want to be prepared as the Boy Scouts say. So I hope you have peace of mind. Our goal is for your money to last as long as you do. And secondly, for you to have peace of mind. So we hope you have both of those. And again, our goal is if you’re not SCWPerS yet to get you there and if you are SCWPerS, I hope you’re SCWPering your tail off right now we want to see SCWPer tails everywhere. Okay, we want our cleanup crews to go and pick up all those SCWPer tails all over the country. That’s what we want. So thanks for watching, and we’ll share this with as many of your friends and family everybody as you possibly can. We want as many people to watch these videos and benefit from them as possible. So again, thanks for doing that and we’ll talk soon.
Please note: transcript has been modified after the time of recording.
Economic indicators and stock market performance cannot be predicted. Opinions expressed regarding the economy and the stock market belong solely to Ken Moraif on behalf of Retirement Planners of America and may not accurately portray actual future performance of the economy or stock market outcomes. Opinions expressed in this video is intended to be for informational purposes only and is not intended to be used as investment advice for individuals who are not clients of Retirement Planners of America. All content provided is the opinion of Ken Moraif, CEO and Founder of RPOA Advisors, Inc. (d/b/a Retirement Planners of America ) (“Retirement Planners of America”, “RPOA”). ©Copyright 2023