The 3rd quarter managed a slim profit despite a pullback of over 5% from the market high on September 2nd. Stocks, as measured by the S&P 500, have returned nearly 15% through the first three quarters of the year. We went 211 trading days without a 5% correction, which is the 13th longest streak on record. Historically, these streaks have been positive, as 11 of the 12 streaks longer than the most recent one continued their positive trends over time. Despite great returns year to date and a trend that should remain positive, we are seeing a wall of worry not experienced since the depths of COVID-19 in 2020.
With significant gains in real estate over the past 10 years, and interest rates at historical lows, diversifying real estate holdings via a 1031 exchange remains an attractive strategy for many investors. Click HERE to read more.
We spent many hours at the end of 2019 trying to figure out what could derail one of the greatest markets in history. Most investors’ biggest concern going into 2020 was the upcoming election and what a potential change in Washington leadership would mean for the markets. Of course, no one predicted a global pandemic causing a global recession. Fortunately, it was the shortest recession and fastest market recovery in history. Please click HERE to continue reading our 4th Quarter Newsletter.