March 2025
“Birds sing after a storm; why shouldn’t people feel as free to delight in whatever sunlight remains to them?”
-Rose Kennedy
Market Correction - Pay no attention to the man behind the curtain. We started getting calls yesterday asking what was going on with the market. The fact that most people are only noticing it now when this correction has been going on for weeks speaks to the complacency that often precedes corrections.
Corrections are a normal, healthy part of market action, and this correction is overdue. So far this has been a very boring, run of the mill correction. That may be all that it takes this time, since we have not had one for a while. In a recent Planning and Strategy Meeting Jennifer and I were in, I told our precious clients (We have no other kind) “We are in a secular bull market, but we are due for a correction.” Jennifer pointed out that I had been saying that for several months. This is true. In a healthy market, I expect roughly two corrections every 18 months, and it has been almost a year since we have had even a healthy five percent pullback.
We teach that ownership is the key to wealth creation. Sometimes people think it sounds too simple. We want you to own high quality productive assets not just when things are good but also when things are difficult. Really owning them means sticking to the plan regardless of what is going on in the market, or politics, or the change of seasons.
Daylight saving time (DST) or the possibility of ending it is being debated in North Dakota and many other states. I prefer the DST hours but let us not forget about high noon and that the sun is supposed to dictate the clock. That is what the body goes by to set our circadian rhythm. Of course when we change our clocks for daylight saving time or even for travel, it often throws off our sleep schedule or things of that nature. This can be for a day or two or even weeks. If you suffer from this, really pay attention to the amount of light you’re giving yourself. Be sure to get bright light in the morning, preferably a walk outside, to get sunlight. Consider blue light blocking glasses, especially in the late afternoon or evening. Turn off devices or turn down their brightness after dinner to get your body in that mode. At our house I started shutting lights off around 6:00 PM so that my body is more adjusted to what the sunlight really is. I mentioned blue light glasses because blue light, the light we get from our screens and devices, really wreaks havoc with our sleep schedules.
Do blue light blocking glasses even work? From the research I have done there seems to be some impact and efficacy from wearing them consistently. However, they are not as effective as not having the blue light hit your eyes in the first place. Really consider your screen time, especially in the evening. With spring just around the corner, we have plenty of great excuses to get outside and put those screens down anyways.
We had permanent daylight saving time once. During the Carter administration when the energy crises was in full swing, the federal government was trying all sorts of things to conserve energy. Experts were telling us that the last of the world’s oil supply was in the Middle East. They said it was all but used up, and the rest of the world could never make up the difference. OPEC had a stranglehold on us and didn’t want to sell us oil. Many will remember some of the conservation measures our nation took. We had to ration gasoline, the national speed limit was set at 55 (“I can’t drive 55!”), and yes, to save electricity we instituted permanent day light savings time. Ultimately this caused problems for school children being in the dark. After some tragic accidents, we switched back to the system we have today.
Taxes completed? If you have your taxes completed for this past year, be sure to drop us copy.
Save the date – May 21st for our 2025 Investor Event. It will be fantastic. More to come.
Have a super day!
Sincerely,
Brien Krank
Financial Advisor, RJFS
Senior Portfolio Manager
Managing Partner – Collins and Krank
Hear me on the radio Wednesday mornings from 7:35 to 7:55 on 1100am The Flag and 970am WDAY.
Raymond James and its advisors do not offer tax advice. You should discuss any tax matters with the appropriate professional.
Opinions expressed are those of Brien Krank or of the author in the attached articles and not necessarily those of Raymond James. All opinions are as of this date and are subject to change without notice. There is not guarantee that these statements, opinions, or forecasts provided herein will prove to be correct. Past performance does not guarantee future results. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Individual investor’s results will vary. Raymond James is not affiliated with Nick Murray, Federated Hermes, or First Trust.