When the U.S. bombed Iran last weekend, I was 100% sure the stock market would take a deep plunge on Monday and gas prices would shoot through the roof.
I was so convinced, that I got in my car, drove to the gas station, and filled up my tank—thinking this might be my last chance to enjoy the privilege of paying the bargain price of $4.75 per gallon for a while.
Well … I was wrong.
On Monday morning, I watched the stock charts dip at the open—and then quietly tick back up.
Here’s what actually happened:
- The S&P 500 gained 0.96%, closing at 6,025.17 (1)
- Crude oil prices dropped over 7%, landing at $71.48 per barrel. (2)
- Federal Reserve Vice Chair Bowman hinted at potential interest rate cuts. (3)
This is why we don’t react to headlines.
There is always a market correction or recession on the horizon. We just don’t know what will cause it, or when it will begin.
So, before you worry about the next downturn, ask if your investments are doing their job:
- Do I have the cash you need for the things I want to do?
- Do I have the income I need to pay my bills?
- If those are covered, are you okay with the growth part of your portfolio bouncing around from time to time?
Panic doesn’t make a great investment strategy—preparation does. You don’t need to have all the answers. If you’re unsure, I’m here to help.
Stay the course,
Barbara
29 June 2025
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