So, where do we stand now? We could be on the precipice of a much more significant decline than we have seen in the past two weeks after all the major indices that were trading at all-time highs quickly fell into the bear market territory. With the Federal Reserve unlikely to bail out the stock market by lowering rates, investors should take some actions immediately.
One thing is for sure: If inflation moves higher, the tariffs battle rages on unchecked, the wars in the Middle East and Ukraine expand, and our crushing national debt (approaching $40 trillion) continues to spiral out of control, the path of least resistance will be down. Investors should consider some crucial items now, as they may have to prepare for the worst.
This post originally appeared at 24/7 Wall St.