Message from Jon
Been a wild and bumpy ride as of late. The indications still remind us that even in the face of uncertainty, the path is pointing to staying put and remaining invested.
Domestic Equity, International Equity, followed by Bonds, Commodities, Cash, and Currency is the pecking order as we see it, and Stormguard is still inside the Bullish Trending territory at 31.
The future is unknown, and the past is irrelevant.
In my opinion, the geopolitical unrest in Hong Kong has grown far beyond what was expected and has since begun to affect the economy.1 Brexit has not manifested, and the Trade Concerns currently playing out reminds us of a global game of chicken.2,3 Putting all personal beliefs to the side here, we are reminded of the "catastrophic" situation with Greece, Spain, and Russia's invasion of the Ukraine some time ago only to see today where the markets have marched much higher than was predicted.4,5,6 Patience.
Till we speak again—enjoy the yellow buses and back to school!
Trade Tensions Affect Stocks
WEEKLY UPDATE - AUGUST 12, 2019
Stocks spent much of last week rebounding from a Monday drop that reflected nervousness about the U.S.-China trade fight. By Thursday's closing bell, the S&P 500 had regained all its Monday losses - but it descended again on Friday.
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