Summer Sale is ON
After a robust recovery that began on April 1, technology stocks finally experienced a modest selloff this past week. While the headlines may feel unsettling, the recent decline appears more like a normal pause within an ongoing Growth and Expansion cycle than the beginning of a major market downturn.
As we enter the third quarter, the stock market is approaching what has traditionally been the weakest period of the calendar year. Seasonal weakness alone, however, has never been a reliable predictor of a bear market. More often, it creates opportunities for investors willing to focus on fundamentals rather than short-term headlines.
The “Summer Sale” may be underway. For long-term investors, that is not necessarily bad news.
The Benefit of Bad News
During every bull market, there is no shortage of commentators predicting the imminent end of the rally. These bearish forecasts often receive significant media attention, fueled by concerns over geopolitical conflicts, including the war with Iran, inflation, tariffs, rising living costs, a sluggish residential real estate market, elevated gasoline prices, high mortgage rates, and the latest comments or policies coming from Washington.
How to Retire in Five Years with a Million Dollars Today
In the past year, we have had several clients retiring from their professional careers. Most were clients for more than five years, and some for several decades. Back in 2019, nearly all of them asked the same question:“Can I retire in five years with our $1 million portfolio?”
Employees Earning More but Less Getting Hired
The US economy is still recovering from the significant whipsaw impact caused by the pandemic and related government restrictions on businesses and society. Last week, the Bureau of Labor Statistics reported that the year-over-year (YoY) increase in hourly earnings increased 3.6% from the same time in 2025 and is still ahead of rising costs. At the same time, unemployment has remained at historic lows for the past four years, with last week’s Unemployment rate at 4.3%.
Housing Market Still Slow But Stable
In 2022, the Federal Reserve launched an aggressive series of rate hikes to curb inflation at levels the U.S. had not experienced since 1979. The era of sub 3% 30-year fixed mortgages effectively ended, with rates climbing from below 3% to over 8% in less than 18 months, which are rates many people alive today may never see again.
Recovery Rally Building Momentum
Most major U.S. market indices have staged an impressive rebound since establishing their lows on March 30, 2026. The S&P 500 has now moved back into a technically solid bullish trend, with its 20-day, 50-day, and 200-day moving averages all turning higher. This is an important indication that both short-term momentum and longer-term market direction have shifted back in favor of the bulls.
Gambling is not Investing
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Why Does the Stock Market Keep Going Up?
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Building and Preserving Wealth
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Differing Moods of Investors and Consumers
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