
Well, here we go again. Morningstar market index, it’s down a year to date -17.7%. Are we in yet another bear market? Hello, my name’s Paul Carrol, CEO and founder of Avion Wealth, an elite wealth management firm here in South Texas. With the S&P 500 down over 16% and other indices looking even worse, what does this mean? Well, there’s a lot of pressure on all markets. Interest rate hikes are necessary to fight inflation. Inflation is at 8%, maybe higher. We have what’s called an inverted yield curve. It’s a strong leading indicator of recession. There’s a war in the Ukraine and it’s having severe impacts on the energy markets, which is further feeding inflation. And then we have corona lockdowns in China, which may not seem to be relevant, but they’re having a significant impact on supply chains over and above the regular transit challenges that…
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