2 Question Tuesday – 10/04/2022 – UK Reverses Tax Cuts & Did The Stock Market Just Hit A Bottom?

Welcome to 2 Question Tuesday. This week’s client submitted questions were:

  1. Now that the U.K. reversed its tax cuts, what will happen next?
  2. Did the stock market just hit a bottom?

Phil, Mike, and Larry discuss what’s next for the British markets after the financial mishaps of new Prime Minister Liz Truss. Last week, she issued a radical economic plan of tax cuts for the rich. Then after the pound hit historic lows, Truss reversed herself on Monday. They then look at the dismal month of September and the rally in stocks that started the fourth quarter. They analyze whether the markets have hit a bottom and are on the upswing.

Submit your questions to question@2questiontuesday.com

As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Special guest host Lawrence Carrel’s books available available at Amazon.com