The Prudent Retiree - August 11, 2022

We are stuck in the middle of the market. Our allocation for qualified accounts is 50% equity, 50% cash. Market volatility and uncertainty have resulted in a lack of clear direction.

We are seemingly bombarded with a litany of troubling economic and political news. “I’ve got the feeling that something ain’t right.” Global markets are clogged with supply/demand imbalances causing shortages and soaring inflation. The Fed waited too long to act and will continue to raise rates. The war in Ukraine has exacerbated these problems. Employment has been a bright spot, but how long can that last? Odds are we’re heading into a recession. How about the political antics and incompetence? The song says, “Clowns to the left of me, Jokers to the right.”

Stealers Wheel was a popular band with a string of hits in the 1970s. Perhaps they were informed by the economy and politics of the 70s which also suffered from inflation, war and berserk politics. “And I’m wondering what it is I should do?” We should listen to the market. The metrics of the market are mixed indicating further volatility. We remain comfortably stuck in the middle at 50/50. When the market changes, we’ll change. As always, prudent risk management is the key to retirement success.

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Horseman Group – 3 CityPlace Drive - Suite 290 – St. Louis, MO 63141 – 314.692.7842 – www.horsemangroup.com

Advisory Services offered through Horseman Group. Securities offered through AW Securities, a registered Broker/Dealer, member FINRA/SIPC.