Weekly Market Update, May 2, 2022

With the continued market volatility, we feel a timely market update is neccessary.  With significant drawdowns in stocks and bonds, some of you may feel as though there is nowhere to hide.  With inflation concerns as well as increasing rates, relief may not come as soon as we would like.  However, in this podcast, Chief Market Strategist for Advisor Group, Phil Blancato highlights some important positive signs that may be getting overlooked.  Continued strength of consumer spending may support healthier US GDP growth than initial readings suggest, and solid corporate and consumer balance sheets as well as an exceptionally tight labor market also bode well for economic fundamentals.  Click below to listen to this timely update.  And, as always, if you have questions or concerns, please call our office at 309-761-8139.