Market veterans are wary, recalling previous market plummets like the 1987 crash, as new investors confidently project stocks will soar.
With current volatility and rising interest rates, a potential market decline looms; a reminder of past crashes when portfolios took major hits.
Today’s financial climate, with strong job reports and inflation concerns, raises the uncertainty about future interest rate cuts, affecting market dynamics.
As major indices hover near all-time highs, financial advisors recommend portfolio checkups to brace against possible downturns reminiscent of previous crises.
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