1.0Bill Bourbonnais - Family Office Directorhttps://financialgravityfamilyofficeservices.com/bourbonnaiszachhttps://financialgravityfamilyofficeservices.com/bourbonnais/author/zach/Cautionary Tale - Bill Bourbonnais - Family Office Directorrich600338<blockquote class="wp-embedded-content" data-secret="y2UjwqXeyn"><a href="https://financialgravityfamilyofficeservices.com/bourbonnais/newsletter/cautionary-tale/">Cautionary Tale</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://financialgravityfamilyofficeservices.com/bourbonnais/newsletter/cautionary-tale/embed/#?secret=y2UjwqXeyn" width="600" height="338" title="“Cautionary Tale” — Bill Bourbonnais - Family Office Director" data-secret="y2UjwqXeyn" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script>
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https://financialgravityfamilyofficeservices.com/bourbonnais/wp-content/uploads/sites/19/2024/08/Cautionary-Tale.jpg1200628August, typically a time of dog days and road trips, got off to a rocky start this year. On August 5th, the Nikkei 225, Japan’s broad stock market, experienced its worst one-day loss ever, down 12.4%. Stocks tumbled worldwide, including in the U.S., with the Nasdaq off over 6% in early trading and the S&P 500 off a similar amount by noon. The culprit, we were told, was a weaker-than-expected jobs report for the U.S. These economic reports miss their targets all the time. There's nothing new about that, but this felt more like the straw that broke the camel’s back. Although the S&P 500 has recovered, there was no mistaking the gloomy mood on Wall Street. Once again, we heard the dire warnings of an imminent recession. Investors must remember that this was all entirely normal and that the media values its clicks and views more than your portfolio.