Is this a bear market for stocks or a correction?
The S&P 500 went below 2021 lows yesterday. Do you think we're in for a time of falling stock prices or will we get back to all-time highs soon like it has been happening for the last ~12 years?
No one knows for sure. The high price of oil is a huge drag on the economy. Some say oil prices will stabilize in 6 months. With Europe switching away from Russian energy, I am not as confident. The other major drag is China. Like it or not, China makes almost everything we buy and they haven’t recovered from Covid. My belief is that we are in for a bumpy 12 months.