Stock Market Update: Scary Summer In Store?
If you’ve been watching the news lately, you may have noticed an interesting trend. Since the beginning of the year, various pundits have been predicting that this year’s stock market investors may be in for a bumpy ride.
The most recent news story making headlines is Bank of America/Merrill Lynch’s prediction of a “scary summer,” and even recommending that investors move some of their earnings into cash.
It’s rare to see a big bank like this making such a prediction, which may give some investors cause for concern. This summer, according to their chief investment strategist, “investors can expect mediocre returns, volatile trading, correlation breakdowns and flash crashes.”
As you may know, here at Eagle Financial Solutions, we favor strategies that minimize risk, and we also maintain a focus on educating our clients so that they can make informed decisions when it comes to finances. If you are heavily invested in the market, now may be a good time to follow Bank of America’s advice and hedge your bets.
If you’re worried about a market correction, and would like to discuss your options for protecting your money, please contact us today to speak with an advisor. Just call 614-536-0088, and mention this blog post.
(Image courtesy of Stuart Miles at FreeDigitalPhotos.net.)