Although the intraday numbers have touched it a few times now, we finally closed below the 20% bear market threshold on the S&P 500 yesterday. It seems the new inflation number, paired with the expected interest rate increases, have re-ignited the sellers. But how much longer can it last? We’ll find out.
Here’s what I’ve been reading this morning:
- Following a small bounce in the markets the last week or so, we are back to selling almost across the board. As Michael writes, we may find peak bearishness at some point this week, but that doesn’t mean we’ll also put in a bottom at the same time.
- If you have a 401(k) through work, you likely know that most plans give you a “lifetime income” reading to let you know how much money you could expect when you retire. A lot of people will see that number drop with their next statement, but this post outlines why it’s not a bad thing for young savers.
- Whether it’s in the financial markets, or the job market, if something seems too good to be true, it probably is. Nick outlines how a friend nearly got scammed for their identity through a job search, and ties in the crypto markets and other instances that proved too good to be true.
- If you’re a tax filer making quarterly estimated payments – listen up! The deadline to make the second quarter estimated payment is fast approaching, so you don’t want to miss out. Check out this article to find out what you need to know.