Many advisory firms talk about their array of tools and resources. Every firm that is worth talking to
has them. The difference, however, is what the advisor does with them. Do they have the insight to use
them properly? How well do they apply them to help you? ACG’s insights may help provide a sense of
our ability to help you achieve success, as you define that term.
“Most kitchens have the same spices in the spice rack. That does not mean everyone is a good cook.”
– anonymous
Russia declared war on Ukraine on Thursday. Initially, the first war in Europe since World War II, sent stock prices plunging. For the second time in four weeks, the Standard & Poor’s 500 stock index declined by about -10% from its January 3rd all-time closing high.
Meanwhile, in other news inflation worsened. Data released Friday showed the buying power of Americans shrank, with buying power eroded at the worst 12-month rate in about 40 years. Real disposable personal income per capita plunged -10.1% in the 12 months through January 31, 2022.
Despite the Russian invasion of Ukraine and worsening inflation numbers, the stock market closed Friday eight-tenths of 1% higher than a week ago.
Why? Because the economy and earnings outlook remains bright. Neither the Russian-Ukraine War nor the high inflation rate dim the forecast for the U.S. economy.
The Standard & Poor’s 500 stock index closed Friday, February 25, 2022, at 4,384.65. The stock index gained +2.24% from Thursday and +0.81% from last week. In the 23 months since the March 23, 2020, bear market low, stocks are up +64.85%.
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