Planned Solutions

In this episode of the Planned Solutions Incorporated Podcast, The US stock market has rebounded from its mid-June lows rallying 13% and cutting the losses for the year in half. However, the market is now nearing a key resistance line defined by the mid-March lows and the late-May/early-June highs. Should the market fail to push through this resistance level the lows from mid-June could be revisited. On the other hand, should the market push through this level the next point of resistance is 10% higher than the current price. Also, The US economy has likely contracted for two consecutive quarters based on the first estimate for the second quarter of 2022 economic output. However, household spending has remained positive for the first two quarters showing that the consumer remains strong. Meanwhile, government spending has declined as the stimulus spending from early 2021 is compared to current spending levels. And, Investors typically want to avoid taking distributions from their investment accounts when t