Retire First Newsletter
April 2022 – Download here!
There is always something to be worried about – By Doug Allan
A year ago, everyone was rushing into the market; now, bulls are at their lowest level in 10 years,
and everyone is in the pessimist boat. The Nasdaq is down over 20% YTD, and the S&P 500 is down
over 10%. There is negative news everywhere. Inflation is at a 31‐year high, with talks of runaway
interest rates dead ahead. The war in Ukraine has exacerbated Covid supply chain problems. There
are talks about famine in the countries reliant on Ukrainian crops. The Russian economy is on the
verge of a long‐term economic meltdown while its political ally, China, is in the midst of its own
meltdown, and there are talks of a global economic recession heading our way….