Market Recap Week Ended Friday, May 17, 2024

Stocks sold off sharply Friday as a hotter-than-expected May jobs report pushed Treasury yields higher and forced investors to reassess the Fed path, with markets increasingly pricing in the possibility of a rate hike rather than cuts. 

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As retirement nears, 401(k) participants must prioritize bond allocation decisions. Early in a career, growth may take precedence, but as retirement approaches, it is essential to focus on volatility, income needs, liquidity, and the risk of needing to sell investments during market declines.

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For most people planning for retirement, deciding how much to invest in stock funds versus bond funds is a key part of long-term investing. 

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