Nolan says recent market pullbacks are buying opportunities for long-term investors who can handle volatility. He expects 2026 catalysts like lower rates and new spending bills to drive gains, and argues cash still needs to earn returns despite inflation concerns.
Nolan, in the first couple of weeks of November, markets have been pulling back. Here's how we're helping clients take advantage. Nolan, for investors sitting on cash, is this their moment?
Yes, yes, yes. Cash investors have a lot to think about. Interest rates are going lower, so it looks like they're going to be getting lower returns on their dollars. But inflation really hasn't gone away. So the cost of living is still a challenge for all of us. Anybody that has cash still has a need to earn. On their cash. And you're right, Brian, there's a lot of opportunities in this fourth quarter of 2025.
And a general question, Nolan, when we see markets pull back, how do you distinguish from a sell-off where you want to run for the hills and from a strategic buying opportunity?
Generally, for US investors, it's always a good time to buy. Whenever you have the cash, as long as you have the time horizon and the stomach where you're not going to panic, The market just hit new highs not that many days ago. So for every correction, you've been rewarded for purchasing. And so I don't see why that would not continue. I think contrary, you know, if you go into 2026, we do have catalysts we haven't talked about that are yet to emerge. If we don't have a recession, you know, interest rates are lower, they're stimulative. We also passed the new spending bill and the new tax package.
So let's put a bow on this, Nolan. If you've got time, a long-term time horizon, you're young enough to wait and you don't need your investment capital tomorrow, consider the downtick in the market over the last few weeks a buying opportunity.
