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Mid Q1 2019

The market took off after Christmas and provided historic performance through February. Hopefully you or your adviser took advantage of the oversold conditions at the end of December. If so, you should be sitting pretty now. The market is taking a pause at the SP500 2,800 resistance level, but as we come out of earnings season and start receiving reports on how the economy is doing the market should be able to find a catalyst. The Trump/China tariff talks look to be going in China’s favor as the USA will probably only gain token improvement. Frankly, I’m hopeful it truly is coming to an end because it is causing the economy to suffer. The Federal Reserve sees that and has decided to hold off on raising interest rates, but if trade resolves and the economy picks up, I expect them to be ready to tap the break later this year. Currently, it looks like a soft landing may be in the cards. Either way, things aren’t bad.

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