I don’t think its a time to panic,
fears of recession are different than actually being in a recession.
The softy landing narrative has been challenged with the recent economic data,
more data is needed to tell whether the brown shoots of the economy are temporary, or stubborn.
A good rule of thumb is to start buying when the major averages see a 20% decline, 30%, 40%, etc.
Best to consult your financial advisor/Financial professionals before making these decisions.
Rasmussen surveyed nearly 9,000 American adults and found that in July the percentage of Americans who are unemployed and looking for work — this is the number that the Bureau of Labor Statistics (BLS) should report each month — was 8.4%. The BLS reported a rosy 4.3% unemployment rate last month, up from June’s equally imaginary 4.1%.