“Are you recommending any changes to my investment portfolio given all the recent market turmoil?” This is a question we frequently receive from clients during the past few weeks. Usually, they are referring to reducing their stock market exposure or “getting out until the dust settles”.
Since the 1970s, the world has seen a yield curve inversion as one of the most reliable signals of a looming recession. One can hardly turn on the nightly news without hearing about the most current inversion of the yield curve and its far-reaching implications.
John Bogle, aka “Jack,” founded the Vanguard Group in 1974 and pioneered the first index fund with just $11 million. He was mocked by Wall Street throughout his life, especially in his early days for launching “Bogle’s Folly.”