Thursday afternoon
December 8, 2022
Hello everyone
What’s your preference? Buy and hold or be an active trader?
Some people may have answered both.
It seems 2023 will not be a time to buy and hold. Expect markets to be choppy. Wells Fargo expects the S&P to end 2023 at 4,200. It also says that equity markets will trade as low as 3,410 in the new year. The bank added that the probability of a soft landing is less than 10%. Furthermore, it envisions a sharp recession rather than a drawn-out slowdown.
Let’s talk about women and work and retirement.
Why is it that women earn less than men for doing the same job? I’ve never quite worked that one out. Not only are they discriminated against in income earned, but half of the women in the workforce say they are behind on retirement savings. More than half of women – 58% - receive half or less than half of their pre-retirement income, compared with 44% of men. Just 20% of women receive 7-% of their pre-retirement income, the amount some experts say retirees need to maintain their standard of living. In comparison, 30% of retired men have income that reaches that level.
Why do women come up short?
They are more likely to take time out of the workforce to care for children or aging relatives.
Women tend to work nine years less than men, which can reduce their retirement savings by 35%. This may also have an adverse effect on the amount of Social Security benefits they receive.
And then, of course, there is the wage gap. They earned just 82 cents for every dollar earned by men in 2020, according to the U.S. Census Bureau.
They may dip into retirement savings for emergencies.
They may choose not to marry, which also affects women’s retirement preparedness.
Women need to learn how to trade, so they can look after themselves.
China is set to ease Covid restrictions. What can we expect?
As they relax measures, 60% of people may get infected. They are nowhere near herd immunity. This may result in a drag on the economy and a temporary shortage of labour and increased supply chain disruptions.
Wishing you all a wonderful weekend.
Cheers
Jacque
"To be yourself in a world that is constantly trying to make you something else is the greatest accomplishment." -
Ralph Waldo Emerson
