Click here: The Weekly Beacon – October 14, 2022
We will be giving some macro economic market updates on a weekly basis. No equity recommendations will be given in this commentary, and we encourage you to contact us if you have questions regarding any observations.
Feel free to send in your pictures of lighthouses to be featured in our weekly commentary.
This weeks issue: Markets, is this the bottom? Inflation, Market timing, Market Sentiment, Renewables, Energy, OPEC+, Strategic Petroleum Reserves, Cathy Woods, Ark Innovation, The Federal Reserve, The Bank of Canada, Behavioral Bias, Price Anchoring, Canadian Real Estate Market.
Not a Normal Correction
Many have labeled this year’s market downturn as typical, however, this year’s bear market is anything but typical.
At 9 months, this bear market is the longest we have seen since the Financial Crisis (2007-2009). However, if you zoom out and compare 2022 to the Dot Com bear market or even the Financial Crisis bear market, we could just be getting started.
This is not 2018 or 2020 and we are nowhere close to 2009 levels. Imagine if this year’s market performance continues for a year or two more, investor sentiment which is already at major lows would implode.
