Message from Jon
Global stocks faced more headwinds yesterday as China's rally fades. 1 We are seeing Brexit concerns and controversy heating up with the UK and an un-relenting shadow of Tariffs and Trade Wars continuing to plague the markets. 2,3
This past week, concerns regarding earnings season seem to be overwhelming the market sentiment at the moment, causing a continued decline even in the face of an economy that is at the lowest unemployment rate since 1969. 4
Earlier this year, I was hopeful for a 4-6% return this year, and at this point, even that level of profit seems a bit of a stretch. I know that we still have 2months of the market left, and historically, those have been really strong months, so I guess time will tell.
We are and have always been diligent and mindful of the market conditions and corresponding data, prepared to realign portfolios to the proper risk levels according to what we are seeing.
Till we speak again, enjoy the week and Boiler UP!