As of this morning’s cold open, the S&P 500 is down 7.5% or so.
The Fed is hiking interest rates. Mortgage rates are rising. Homebuilder stocks are getting annihilated. The economic recovery is well into its ninth year. The unemployment rate is the lowest it’s been in 50 years.
People are asking — are the markets predicting a recession?
|Rob McClelland RFP, CFP, HBA
Vice President, Co-Branch Owner,
Senior Financial Planning Advisor