Dear Clients and Friends of ZWM,
As I write this on Monday after the close, the S&P 500 was down 1.14% today. Volatility has increased lately, but we recall that the market is still up over 23.4% so far this year. And it is trading only 3.7% down from the all-time high we hit last month.
Year-end Traders, Political News Traders, Meme Traders, Inflation Traders, Covid Traders and many other speculators are having their say in the markets. We continue to believe that the markets face many challenges over the coming 12 to 18 months. Maybe a few more than in the recent past, maybe a few less.
We are long-term investors, and while it is nice to have had the markets move up (seemingly) without a break since March of 2020, we know that there will be pullbacks, and that they are healthy for continued long term market gains.
The bottom line is that whatever the next two weeks hold, we are optimistic about the future of the United States’ economy, and believe that 2022, even with all of the headwinds we face, will be a good year for our overall pocketbooks.
As always, we hope that it is a good year for all in many other ways. Please reach out if we can do anything to assist you as we move into the new year.
Chief Fiduciary Wealth Advisor
Zimmerman Wealth Management, LLC