Monthly Note

Hello!

In my mid-month letter, I suggested that the markets would likely get worse, and they did. The Nasdaq-100, dropped about 15% from its peak in November, which is a healthy correction that was probably needed. Markets are still volatile, especially intraday, but the day after day drops have stalled out, at least for now. We’ve also had a few strong rebounds, good signs we may have found a bottom, but what the rest of the year will bring, only time will tell.

A drop like this is an important time for financial advisors, it gives us a strong window to be able to adjust portfolios. The markets themselves also need these drops, it helps shape the overall strength of the markets, and gives us a lower bound in terms of strength. It’s painful to see account value drops, but some markets barely erased even half of last year’s returns.

The news on omicron seems to be cases hitting peaks and the worst starting to abate in many places. It will take a while for the supply chain to recover, which is what most of the economic concern is over. Tax forms should start coming out soon, don’t hesitate to call if you are confused about what you should be receiving or whether they are all out. Have a wonderful February.

Content in this material is for general information only and not intended to provide specific advice or recommendations for an individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful. The Nasdaq 100 index measures large-cap growth stocks and includes 100 of the largest domestic and international non-financial companies listed on the Nasdaq Stock Market based on market capitalization.