August 20, 2024

What’s Driving Recent Market Volatility

At the start of August, the Bureau of Labor Statistics released a jobs report showing the unemployment rate at 4.3%.


Although this remains historically low, jobless claims have slowly ticked up in recent months, and fewer employees are voluntarily leaving their jobs. Some investors have perceived these trends as poising greater risk of a recession. However, there are also a few reasons to believe that the labor market may be stronger than the report indicated. In light of these developments, it’s important to maintain a long-term perspective. Market corrections are normal and happen nearly every year. Ensuring your investment approach is designed to weather such volatility will make fluctuations easier to endure. Speak with your advisor if you have questions about your portfolio’s risk level.

If you have any questions, please drop us a note.

For informational and educational purposes only and should not be construed as specific investment, accounting, legal, or tax advice. Certain information is based on third-party data and may become outdated or otherwise superseded without notice. Third-party information is deemed to be reliable, but its accuracy and completeness cannot be guaranteed. Neither the Securities and Exchange Commission (SEC) nor any other federal or state agency have approved, determined the accuracy, or confirmed the adequacy of this information. Please be advised that Buckingham only shares video and content through our website, Facebook, LinkedIn page, and other official sources. We do not post investment advice on WhatsApp, Telegram, other interactive applications, or other similar platforms. Rather, Buckingham provides investment advice only through individualized interactions. R-24-7588.

About the Author

Kevin Grogan

Chief Investment Officer

As Chief Investment Officer for Buckingham Wealth Partners, Kevin conducts investment research and writes articles on a wide range of topics, including retirement planning and investment policy. Kevin co-authored "The Only Guide You’ll Ever Need for the Right Financial Plan" with Larry Swedroe and Tiya Lim. This step-by-step handbook focuses on the art of investing by providing investors with information they can use to build a tailor-made investment strategy. Kevin holds an MBA from Saint Louis University and a bachelor’s of science in finance from Missouri State University in Springfield.

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