Summer is upon us and we hope you have fun plans! We had a great time at the Spring Picnic and were very happy with the turnout.
When one spouse defers on family finances, it's easy to get caught off-guard by a death or illness. Here's how to get up to speed.
MARRIED COUPLES SHOULD
Take key steps
Following a disappointing 4th quarter in 2018 in which the S&P500 Index fell nearly 20%, the first quarter of 2019 is much improved with the Index finishing up over twelve percent. Domestic earnings are growing, albeit at a slower pace than last year, and unemployment is holding low.
It appears that the market lows on December 24th were indeed the bottom, marking the end of the Bear market that began after the October highs. The US economy continues to prosper with more good news in the job market, recently adding over 300,000 new jobs. As a result, equity markets have been recovering nicely. According to BNI Research, the S&P 500 gained +8.0%&nbs
Equity markets have displayed extreme volatility in recent months, but we believe the worst is over. On Monday, December 24th the S&P 500 index experienced Capitulation. Capitulation is reached when a large number of investors “throw in the towel,” so to speak, based on a complicated mathematical calculation of market momentum. &nb
After more than 18 months of rising markets, we’ve started to see a decline, with large sell-offs and heightened volatility in recent days. Although this might feel unsettling, I want to encourage you that market pullbacks like this are a normal part of investing and a healthy market cycle. We cannot have times of growth without corresponding declines.
Volatility in the equity markets continues as we near the midterm elections. We believe the volatility is largely a result of uncertainty regarding the election outcomes. The US economy remains strong and there does not appear to be a recession looming in the near future. Once the elections are over we expect equity markets to trade based more on earnings and less on ancillary
The recent declines in equity markets have been attributed to rising interest rates by many pundits and our media in general. We believe, however, that there may a different culprit: uncertainty. The midterm elections coming in early November have cast a lot of uncertainty regarding hundreds of seats in Congress.