DALLAS (BP) -- Stock market volatility has increased in recent weeks, but GuideStone Financial Resources analyst David S. Spika cautions retirement investors to focus on their long-term investment objectives and avoid impulsive decisions, even as the news of the day can appear alarming.
The recent sell-off in financial markets is a needed correction but does not signal the onset of a near-term economic recession, Spika, GuideStone's chief strategic investment officer, noted.
"Economic growth is still too strong to indicate a recession is on the horizon," Spika said. "As we've been saying for many months, the increased volatility we're experiencing is warranted. What we're seeing is to be expected at the tail end of the longest bull market in history, now more than a decade long." Read More