Message from Jon
The markets continue to show signs of strength. We still are hearing about and seeing trade war rhetoric for the time being, and so long as this remains a constant, it is our opinion that foreign investments should be looked at with extra scrutiny and their risks inflated when evaluating portfolio risks and reallocations.1
The interesting approach here is that President Trump is not hindered by the prospect of losing votes or the economics of the influence of Political Wholesalers (you know them as lobbyists) as long as he is using his own income to provide support to himself while in office. This makes him a harder target to read, predict, and bet on with regard to the markets and geopolitical politics in our opinion.
In our opinion, should the tariff discussion come out as President Trump would prefer, we could in fact see this market condition and strength remain intact for quite a while longer. Should the Tariff discussion escalate into a Trade War, we could see the market conditions change drastically and not for the better. Time will certainly tell which side of the fence we should plant our flag on, but for the time being-steady as she goes-we remain fully invested in the strategy and approach that suites your plans the best.
We are excited to welcome the newest members of our team, Morgan Wicks and Devin McCardle.
Morgan comes to us as an intern at the moment studying financial planning as a senior at Purdue University. She is eager to learn and has a talent for picking up materials very quickly. It will be enjoyable to see how she develops over the remaining semester.
Devin is our middle child who just graduated McCutcheon and is now enrolled at Ivy Tech to get his basic undergrad courses completed and will be transferring in 2 years to PU to finish his degree in Finance. He is on a 4-year apprenticeship at the firm in which he will be learning many aspects of the business along the way. He is finding out that it is not as fun as he thought to be the boss's son and is not given any extra credit for being so!
Till we speak again, enjoy the fall weather and bon fires!