Episode 10: A Raymond James Expert Shares Why You Don’t Need to Fear Bear Markets

Money Conscious with Sasha Millstone

Hi all,

In Money Conscious Episode 10: A Raymond James Expert Shares Why You Don’t Need to Fear Bear Markets, my guest is Mike Gibbs, Director of Equity Strategy and Director of Portfolio & Technical Strategy for Raymond James. I’ve known Mike for many years and there’s no one better to share fact-based analyses of the markets – including where we are and where we’re likely going. He’s a natural storyteller, so he explains it all in a personal and relatable way that will help calm your fears and think strategically if you are concerned about the bear market and the volatility we’re experiencing.

We explore in detail many key areas such as:

How economic factors are different compared to the last economic crisis that started in 2007. For example, corporate balance sheets are strong, and banks are overcapitalized, which means there is less risk in the system today.
Why the Fed’s rate hikes lead to market and economic contraction – and why we should see inflation start to moderate.
Why Mike predicts that if we dip into a recession, it will likely be shallow and relatively short.
Market turnaround timing is tough to predict, and the market will likely go up a lot before news headlines turn positive. “Market bottoms have a tendency to come very violently and be over in a hurry.”
Bear market history – e.g., the average decline in and length of a bear market are 33% and 13 months, respectively. The S&P 500 is now down about 25%. We have already been in this bear market for 8.5 months.
Bear markets are stressful, but history shows us that the economy heals, and the market reaches a new high every single time.
The fact is that stocks rise more than they fall; in bull markets, they go up an average of 152%.
Why sectors like green energy, healthcare, cybersecurity, and software are booming and will continue to in the future; and
Bear markets offer strong buying opportunities.

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Happy listening!
Sacha

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