August- these aren’t dog days.

Hello everyone! Welcome to the August 2023 edition of the boodle blog! If you are a client, thank you for your support, and if you are thinking about joining us, there is no better time than now to get started!
One of the ways that we stay connected with you is on these pages, and by reading our boodle blog, you'll learn what is going on in the market, and how to take advantage of the information that you receive.
Boodle believes that the person best qualified to manage and grow your money is you, and we offer our opinions on the ever-changing economy and market! So, let's take a look at the July results and then look to August for what may be coming up.
Back in October of 2022, boodle reported that a bear market last on average, 9 months. Once we got that bit of information, we were able to make one of our best market direction calls ever! Our November 2022 blog called the bottom of the market, and we are extremely pleased that we were able to share that good news with you, our clients!
So, here we are in August and let's take a look at the numbers - the DOW gained 2.99% for the month of July, while the S&P 500 added 2.65% to end the month. The NASDAQ posted a 3.30% gain to lead the indexes. Year-to-date the Dow is up 7.56%, the S&P 500 is up 19.32% and the NASDAQ is up 36.66%!
These numbers are amazing, especially when you consider the hike in interest rates, global unrest, and tepid GDP numbers, just to name a few.
Here at Boodle, we spend a great deal of time doing market research and analysis. This is time consuming, but necessary work. We want to provide you with the best financial information so that you can make informed decisions with your hard-earned money.
So, with that being said, we are maintaining our view that your portfolio should be fully invested, and that you are dollar-cost-averaging additional money into the funds that you have chosen for yourself. We saw an additional quarter of a point rate hike in July, and there may be more to come. Keep in mind that there are other events in the pipeline, that may act as a ballast against these hikes. With all of the economic indicators that affect stock prices, we will try to keep things as simple as possible for you.
Enjoy the month of August, and we will see you back here in September! Thank you for taking this journey with us.