A growing number of experts believe that a recession is looming on the horizon.

This week, Greg and Doug look at the importance of being prepared for the dips while remaining focused on the brighter days to come.

Key Takeaways

Quotes

[03:38] - "The markets are hoping that data provides the Fed an excuse to pivot or get more dovish and not continue down the path of raising rates. The jobs report that came out on Friday did the opposite." ~ Greg Stokes

[06:56] - "The Federal Reserve is trying to push the economy into a recession, which means having corporate profit margins cut substantially, and corporate earnings cut down, leading to higher unemployment." ~ Doug Stokes

[14:42] - "Bear markets are typically an elevator down, and bull markets are an escalator on the way back up. Meaning that typically bear markets happen pretty quickly, and then it slows as it's climbing a wall of worry from the standpoint of re-initiating another bull market." ~ Greg Stokes

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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.