Welcome to our May Viewpoints, a monthly bulletin from PDS Planning to our valued clients and friends.  Our goal with each issue of Viewpoints is to provide you with a wide variety of perspectives on life and wealth.  Feel free to share with others. 

By Drew Potosky, CFP®

  • Warning – Bear Territory: The Nasdaq index, primarily made up of the volatile tech and healthcare sectors has entered into a bear market year to date. The general consensus agrees a fall of -20% or worse defines a bear market. The S&P 500 isn’t far behind, having fallen approximately -15.50% year-to-date. Though we hope it doesn’t follow suite. See below for more information on bear markets and bull markets.
  • Still a Concern: As much as people want to move forward and start talking about “post-covid” cases are again on the rise. New cases in the US have increased 60% over the last couple weeks with hospitalizations increasing as well. New York is expected to raise their alert level from medium to high and urge residents to use masks indoors. (Source: New York Times)
  • Twin Brothers from Ohio: Duncan went to Ohio State, Charlie went to Cincinnati, and both became the respective mascot for their school. During the 2021 season, both brothers put on their Brutus and Bearcat suit more than 100 times to cheer on their sports teams. (Source: WCPO Cincinnati)
  • Shanghai Lockdown: China’s attempt of stamping out Covid outbreaks has been seriously hurting their economy. Unemployment has increased up to 6.1% and retail sales in April fell more than 11% compared to April 2021. In Shanghai, there were zero cars sold last month. (Source: WSJ)

Bear Markets & Bull Markets

Originally published April 6, 2020

Bull Market:  A long-term trend of upward price movement in a stock index (i.e. the S&P 500), usually confirmed once values are up 20% from previous market lows. This generally means the economy is strong, unemployment is low, and stock prices are expected to continue their upward trend.


Bear Market A downward (usually long-term) trend in market prices, typically deemed a bear market when values have fallen 20% from previous market highs.  Usually, the economy is slowing, unemployment is increasing, and stock prices are expected to continue decreasing. Bear markets are not the same as an economic recession.

Continue reading

Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment, strategy, or product or any non-investment related content, made reference to directly or indirectly in this newsletter, will be suitable for your individual situation, or prove successful. This material is distributed by PDS Planning, Inc. and is for information purposes only.  Although information has been obtained from and is based upon sources PDS Planning believes to be reliable, we do not guarantee its accuracy.  It is provided with the understanding that no fiduciary relationship exists because of this report.  Opinions expressed in this report are not necessarily the opinions of PDS Planning and are subject to change without notice.  PDS Planning assumes no liability for the interpretation or use of this report. Consultation with a qualified investment advisor is recommended prior to executing any investment strategy. No portion of this publication should be construed as legal or accounting advice.  If you are a client of PDS Planning, please remember to contact PDS Planning, Inc., in writing, if there are any changes in your personal/financial situation or investment objectives.  All rights reserved.