Jim Byrd and Biff Hamel of Safe Harbor Financial Services, LLC host Safe Investing in the New Economy on WABF 1480 AM radio, FM Talk 106.5 radio and Fox News radio 710 WNTM. Listen weekly to the show on the radio, or plug into the podcast on iTunes. This week’s discussion covers retirement planning with information about various types of annuities compared to other investments.
Crazy Stock Market Last Week
After a severe fall-off in prices last week, we had one of the strongest one-day rebounds of the year this week on 10/16/18 with a rise of about 500 points. Many think this is the adjustment the stock market needed to continue its growth, but not even the experts agree. Do we know if the adjustment over? William Watts of MarketWatch Magazine quotes Jeff deGraaf, chairman of Renaissance Macro Research, who says no, “a big one-day stock market rebound doesn’t mean blue skies ahead.” [Read more…]