Critical Market Update 10-03-2014
This morning’s jobless numbers were a welcome sight to investors as it reversed that downward trend we’ve seen for the last several weeks. We may not be out of the woods yet, as we are still in the period that I call the “Pre-earnings Nap”.
The pre-earnings nap period is that time right before earnings come out where investors get a little skeptical of earnings and fear that they will come in short of expectations. To exacerbate this, because there is little financial news in between earnings, the focus tends on what’s on the front pages, and you know that world events are pretty ugly right now.
My expectation is that earnings will come in better than expected and lift the market into the 4th quarter. For the next week or so, the market will likely drift and be volatile until earnings start to be released. The first company to report is always Alcoa which will announce on October 8th. It usually takes a few days after that for a direction to be felt. Often times it’s the big Tech companies that that set the pace.
This late in the game, the risks are definitely rising. Even though I think the 4th quarter will be pretty good, this is no time to throw caution to the wind. If you are retired or close to it, the key is to be properly invested with a qualified retirement advisor. This will ensure you are looking at the big picture and getting the returns you “need,” but with the least risk possible, so you don’t get crushed during the next crash or correction. As you well know, you simply cannot replace this money….so you need a plan…for the good times and the bad…
…… and that’s where we can help. To learn more about The Springer Investment Approach, which is our powerful proprietary Investment Management Strategy designed to manage risk and deliver returns in any market, or to get a free second opinion on your portfolio, simply reply to this email, or give me a call at 916-925-8900 for a no-cost no-obligation today!