While we strive to focus on long-term market trends related to achieving financial independence success, we believe that the Black Friday selloff is a canary in the coal mine as we look ahead to the coming year.
Certainly, low volumes and technicals contributed to the sharp market decline. Still, the broader narrative underlying market sentiment is concern about government policy response to a seemingly never-ending healthcare threat.
In many ways, the Covid outbreak is shifting from pandemic to endemic in nature. In other words, Covid is likely here to stay for an indefinite future.
That’s why a key risk to market sentiment today isn’t another outbreak per se but rather near-sighted government policies that enact near-term economic pain while failing to acknowledge the long-term nature of the healthcare crisis.
In today’s podcast, we’ll discuss why this changing narrative is essential for economic growth in the coming year and what you can do to position your finances for long-term success as inflation and market uncertainty rise in the coming year.
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