Trying to stay optimistic but it gets a bit harder every day. Help wanted signs seem to be plentiful and unemployment at 50+ year lows. Those that want to work don’t seem to have issues finding a job or improving their employment.
I do however see an uptick in layoff/staff reduction articles. I’m rooting for the Fed but if they get too aggressive, they could push us into a recession (possibly to late). While interest rates have gone up and inflation has made things more expensive, I personally have not curbed my normal routine. I’m sure though that it has affected some people and is digging into their cash reserves.
The Banking issue is definitely something to keep an eye on. It’s probably a good idea, if you don’t already know, to do a little research on your bank. You’d be surprised who they are connected to. While I don’t see an across the board run of bank failures, it wouldn’t stun me if a few more were NOT practicing risk aversion and will certainly pop up in the news soon, which only adds more fear.
I am not on the tracker, but I am not 100% G. I have 30% spread out in C, S and I and 90% of future contributions have been going there for a while now. I plan on continuing that for the foreseeable future. I’m not a Perma-Bull, I just don’t see us repeating 2008 and I despise selling losses. I’ve become a bit more b conscious of my Fidelity account, researching more, but I’m still buying.
Best of luck all, Be Nimble.