Quarterly Scouting Report (Stock Market Update)
For 2nd Quarter – 2023

With one quarter behind us, we’re taking yet another in-depth look at stocks, bonds, interest rates, banks, the US Dollar, market seasonality and more!.

Topics Covered:
– What asset classes are performing best right now?

– Is it time to invest in bonds yet?

– It’s no surprise, but “The Magazine Cover” indicator lost once again – wait till you see what happened with the US dollar this past quarter!

– Did you own any of these bank stocks that were punished during the most recent fallout? Well, here’s how to keep it from happening to you (again)!

– What do the indicators Adam is watching, plus market history and seasonality, tell us about where the stock market could be headed next?

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Libertas Wealth Management Group, Inc.
5003 Horizons Drive, Suite 200
Columbus, OH 43220
info@LibertasWealth.com
(614) 543-1350
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Adam Koos, CFP®, CMT® is a CERTIFIED FINANCIAL PLANNER and one of only 2,600+ Chartered Market Technicians (CMT) worldwide, as well as a Certified Financial Technician (CFTe®) thru the International Federation of Technical Analysts (IFTA). He’s been named by Columbus Business First as one of their 20 People to Know in Finance, was a recipient of the Forty Under 40 award, is ranked by Investopedia as one of America’s top 100 Most Influential Advisers, and is the winner of the coveted Better Business Bureau Torch Award for Ethical Enterprising. Adam serves his clients as the president and portfolio manager at Libertas Wealth Management Group, Inc., a Fee-Only Registered Investment Advisory (RIA) firm, located in Columbus, Ohio.

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The audio and video contained herein is intended for those interested in finance, searching for a financial advisor, wealth manager, financial planner, and/or retirement planning. While we are CERTIFIED FINANCIAL PLANNERS (through the College for Financial Planning) and work with clients all over the country, our business is run out of Columbus / Central Ohio. If you are looking for wealth management, financial planning, a financial counselor, wealth advisor, or financial consultant – especially a fee-only, Fiduciary Registered Investment Advisor – we provide money management and financial services for individuals and couples (i.e. – a 401k rollover), as well as business owners (i.e. – 401k, SIMPLE, SEP IRA’s, as well as cash balance and other various retirement plans).

Libertas Wealth Management Group, Inc.
5003 Horizons Drive, Suite 200
Columbus, OH 43220
info@LibertasWealth.com
(614) 543-1350…(read more)

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The stock market update for the second quarter of 2023 has brought some concerning news in the form of bank failures and whispers of a looming recession. As investors pore over the latest data and reports, it’s clear that the economic landscape is facing some turbulence.

One of the most notable developments in the stock market update is the news of several bank failures. While the details are still emerging, it appears that a combination of factors such as bad loans, regulatory challenges, and market volatility have contributed to the downfall of these financial institutions. This has prompted concerns about the stability of the banking sector and its potential impact on the broader economy.

In addition to the bank failures, there is also growing talk of a recession on the horizon. Economic indicators such as slowing job growth, diminishing consumer confidence, and a flattening yield curve have fueled speculation about the possibility of an economic downturn. While a recession is by no means a certainty, the mere mention of it has rattled the stock market and left investors on edge.

Given these developments, it’s imperative for investors to stay informed and cautious in their decision-making. While the stock market has shown resilience in the face of challenges in the past, the current environment demands a heightened level of vigilance and strategic planning.

For those who are actively trading in the stock market, it may be wise to consider diversifying their portfolios, hedging their positions, and adopting a defensive stance. This could involve shifting investments towards defensive sectors such as healthcare, utilities, and consumer staples, as well as reducing exposure to more cyclical and volatile industries.

At the same time, long-term investors should resist the urge to panic and instead focus on the fundamentals of the companies in which they have invested. Sound financials, strong management, and a competitive edge in the market will be essential in weathering any storm that may come. Investors should also remember that market downturns can present opportunities to acquire quality assets at discounted prices, paving the way for future gains.

In conclusion, the stock market update for the second quarter of 2023 has delivered some sobering news with the emergence of bank failures and talk of a potential recession. While these developments have injected a sense of uncertainty into the market, investors can navigate the challenges ahead by staying informed, being proactive, and maintaining a long-term perspective. As always, a measured and strategic approach will be crucial in navigating the ever-changing landscape of the stock market.