[Silver Ridge Market Report Logo] [Privacy Policy]( | [Advertiser Disclosure]( Senior Analyst Morning Brew Stocks tumbled last week, with the S&P 500 falling 2.1%. The index is now up 7.7% from its October 12 closing low of 3,577.03 and down 19.7% from its January 3 closing high of 4,796.56. Last weekâs sell-off came as the Federal Reserve renewed its commitment to fight inflation with increasingly tight monetary policy. Based on this news, some strategists shared their thoughts on the longer-term outlook for the market. They included Brian Belski, chief investment strategist at BMO Capital Markets, who argues that the short-term, cyclical bear market weâre experiencing represents a hiccup in a much longer-term, secular bull market. â[W]e continue to believe that U.S. stocks are in the midst of a secular bull market,â he wrote in a Nov. 30 research note. âIt is important to note that cyclical bears are not necessarily secular bull killers. In fact, there have been six cyclical bears during the previous two secular bull markets â four between 1948 and 1968 and two between 1982 and 2000 â and US stocks managed to continue their trek higher after each of these.â Inflation is cooling from peak levels. Nevertheless, inflation remains hot and must cool by a lot more before anyone is comfortable with price levels. So, we should expect the Federal Reserve to continue to tighten monetary policy, which means tighter financial conditions (e.g. higher interest rates, tighter lending standards, and lower stock valuations). All of this means the market beatings will continue and the risk the economy sinks into a recession will intensify. But itâs important to remember that while recession risks are rising, consumers are coming from a very strong financial position. Unemployed people are getting jobs. Those with jobs are getting raises. And many still have excess savings to tap into. Indeed, strong spending data confirms this financial resilience. So itâs too early to sound the alarm from a consumption perspective. At this point, any downturn is unlikely to turn into economic calamity given that the financial health of consumers and businesses remains very strong. As always, long-term investors should remember that recessions and bear markets are just part of the deal when you enter the stock market with the aim of generating long-term returns. While markets have had a terrible year so far, the long-run outlook for stocks remains positive. [Privacy Policy]( | [Advertiser Disclosure]( Sponsored [Already Up 15x & Just Getting Started]( This stock is already up 15.5x and our analysis shows that itâs just getting started. Itâs positioned to soar much higher. Thereâs still time for you to get in. [Go HERE to see the Potential Investing Opportunity]( By clicking link you are subscribing to The Investing Council Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy [Privacy Policy/Disclosures]( [Click Here Now]( [Privacy Policy]( | [Advertiser Disclosure]( 406 Media and Silver Ridge Market Report, is not giving individualized financial advice. Never invest more than you are willing to lose. 406 Media or Silver Ridge Market Report is not giving financial, investment, or stock advice. Our content is designed for generalized informational purposes only. If you have specific questions about investments or stocks you should consult a financial advisor. Articles, News, Or Other published materials are not always the views of 406 Media and/or Silver Ridge Market Report. If you feel you are receiving these emails in error please email Support@SilverRidgePro.com or click the unsubscribe button below. 30 N Gould St, STE R, Sheridan WY 82801 This e-mail has been sent to {EMAIL}, [click here to unsubscribe](.