Bottle It Up!

It is precisely times like these that I would like you to take a step back for a moment and realize all that we’ve come through. Remember the depths of Covid and how scary that was. Recall how in 2022, stocks fell into the abyss and looked as if the 12-month bear market would never end. Recall how just a few weeks ago, the media used words like “Crash” when it came to the 5% pullback we saw in the S&P, on news of a Japanese currency concern.?

In the moment, these events feel terrible, and it is never fun watching your portfolio decline in value, even if only for a day or a week. That said, when markets come full circle and new highs are achieved, I want you to soak it in, bottle it up, and place that enthusiasm on the shelf for the next time the environment becomes scary and uncertain.?

As an investment manager rolling into my 25th year, I’ve seen highs, lows and just about everything in between. I’ve watched companies soar to the moon such as Enron and Cisco while others crash into oblivion such as Bear Stearns and Lehman. Through it all, in my opinion, the American spirit has never died and capitalism has come roaring back despite continuous threats of demise.?

As the Dow crosses a new milestone today, breaching 42,000 for the first time in its more than 100-year history, we won’t high five nor fist bump but rather take the move in stride and remember that in the face of such uncertainty, we believe markets will do as they wish regardless of how we may feel about politics, inflation, war or what some media headline may say.?

We think it’s been a wild ride these last few years and my only hope is that you will take a step back and smile, not at the market or portfolio returns, but rather at your patience, fortitude and unemotional approach to long term investing. Bravo to you!

While we are enjoying this recent move, in our opinion sparked by the Fed’s new round of printing, we’ll continue to watch the exits closely and slowly reposition accordingly.?

Until next time

~ Quint

Did you know??Joule works with clients all throughout the United States. With our process of utilizing technology and online planning portal, there is no geographic limitation to whom we can help. If you need a second opinion or want to explore what an advisory relationship with Joule would look like, review more info on our?site?and we'd be happy to discuss your current situation.

?

Disclosures

Joule Financial, LLC is registered as an investment adviser with the SEC. The firm only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser does not constitute an endorsement of the firm by securities regulators nor does it indicate that the adviser has attained a particular level of skill or ability. A copy of Joule’s current written disclosure brochure filed with the SEC which discusses among other things, Joule’s business practices, services and fees, is available through the SEC’s website at: www.adviserinfo.sec.gov

This does not constitute an offer or solicitation. This information should not be considered investment advice. Opinions expressed reflect the judgment of the author and are current opinions as of the date appearing in this material only. While every effort has been made to verify the information contained herein, we make no representations as to its accuracy and it should not be regarded as a complete analysis of the subjects discussed. Past performance does not predict future results. Content should not be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation. All investing involves risk, including the loss of some or all of your investment.

Certain information contained herein constitutes “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” expect,” “anticipate,” “project,” “estimate,” “intend,” “continue,” or “believe,” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events, results or actual performance may differ materially from those reflected or contemplated in such forward-looking statements. Nothing contained herein may be relied upon as a guarantee, promise, assurance or a representation as to the future.

Hyperlinks in this letter are provided as a convenience, and we disclaim any responsibility for information, services or products found on websites linked hereto.

Any indices and other financial benchmarks shown are provided for illustrative purposes only, are unmanaged, reflect reinvestment of income and dividends and do not reflect the impact of advisory fees. Investors cannot invest directly in an index. Comparisons to indexes have limitations because indexes have volatility and other material characteristics that may differ.?