Stocks Snap Four-Week Win Streak

Published Friday, August 19, 2022 at: 8:18 PM EDT

The stock market declined -1.3% Friday and -1.2% from a week ago, snapping a four-week win streak.  Inflation cooled in July and may even have peaked but that does not mean the worst of the financial economic turbulence is behind us, and it’s prudent to expect current conditions to worsen.   Here’s perspective on current financial economic conditions, if you’re a retirement investor or building a legacy.     The Conference Board Leading Economic Index (LEI) has a long history of plunging a few months before a recession, and that is precisely what the LEI is doing now, as is shown in the blue line...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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