As the markets roared back today, a sigh of relief from everyone with a 401k. Corporate earnings driving the numbers. Microsoft of course really hitting it out of the park. Those big profits combating what's been a drag on the market: the threat of a worsening trade war between the US and China. We've had so much trouble with China. Our asks are on the table. I'd love to see them respond thus far they haven't.
And the Fed signaling its plans to raise interest rates again which will affect the rates you pay for credit cards and mortgages. My biggest threat is the Fed because the Fed is raising rates too fast. The market roller coaster is likely to continue. For those of us getting heartburn watching the swings in our 401 Ks, experts say it's best to stay focused on the long term.
The Fed has already eased rates three times since late October.