Retire First Newsletter
August 2022 – Download here!
Don’t Fight the Fed – By Doug Allan
It is different this time. When the media started talking about the impending bear market, I was confused. Historically, when entering a bear market, we have excessive stock market euphoria where valuations are ridiculously high, and I have a hard time finding things to buy. This time many valuations were still excellent, solid growth at a reasonable price was and still is abundant. The number of companies buying back their stock has never been higher as they recognize the solid valuations.The recent setback in technology stocks has even brought that high‐flying sector back into buying territory. That’s what makes this current summer rally so tempting….
