We’ve all heard it, and now… and if you have been around the block a few times, you have already experienced it. The cost of gas is at historic highs after years of historic lows, and interest rates are climbing back up after being at what feels like nearly zero for quite some time. Even as I write this in June, summer lets us know it’s already here with temperatures rising earlier than ever!
But it’s not all doom and gloom, though! There are some good highs too! For instance, 96% of hospitalized individuals here in Arizona are NOT being treated for any COVID variant. In addition, shipping containers carrying goods across the ocean are now flowing freely without the bottlenecks of late. Which should improve access to some goods we have had trouble obtaining for a long time. Thankfully, even formula (for my granddaughter) is back on the shelves!
There will always be ups and downs, but how you deal with them matters. Like we tell folks when they come to us for retirement planning, we cannot time the market, but we can insulate from down times like these and capitalize on the up that comes after. So get ready, better times are coming.