The Retirement Mindset Shift: Deciding When to Ease Off Risk
Changing gears from growth to protection isn’t easy for some folks. How do you do it? And when?
The S&P 500, Dow Jones, and Nasdaq posted positive returns in October, with falling short-term interest rates and strong corporate earnings supporting markets. In fact, the average Q3 earnings growth rate for the S&P 500 stood at nearly 10.7 percent at the end of October, above analysts’ 7.9 percent estimate at the end of September.
Turning to the economy, the government shutdown continues to delay some economic reports. Still, the September Consumer Price Index report showed inflation remained stubbornly high, as year-over-year consumer inflation rose to 3 percent. Consumer confidence also continued to cool in October.
With both major measures of consumer sentiment falling, are there other risks on the horizon for investors? Stay tuned to find out.