Michael Farr, the chief investment strategist at Hightower Advisors, recently joined ‘Power Lunch’ to offer his analysis of the recent market downturn and provide advice for investors moving forward.
According to Farr, investors should not be overly concerned about the downturn. He believes that it is simply a correction following a period of strong growth. However, he does caution that there are some factors that investors need to be aware of, including the potential for further interest rate hikes from the Federal Reserve.
Farr recommends that investors focus on long-term goals and avoid making emotional decisions. He also suggests that investors look for opportunities to buy quality stocks at a discount.
While the market downturn may be unsettling, it is important to remember that markets fluctuate. By staying focused on the long term and making sound investment decisions, investors can weather the storm and achieve their financial goals.
