Message from Jon
The markets have responded fairly well, resulting in the FED walking back their aggressive "hawkish" tone to a much more "dovish" wait and see attitude. 1Added to this has been the news that there is progress on the Trade War talks with China. 2
We have begun to reintroduce clients to the markets, having sheltered them since the early 4th quarter. In my opinion, we may have 5-7, maybe 9 months before we may likely see signs of warning and the need to move to higher ground again, although, that all could change if the FED becomes more serious about interest rates, or the Trade discussions drag out longer than expected, or Brexit stalls again or worsens, or...
There are still challenges and concerns present, and as such, we remain cautious but not as much as previously.
On a personal note, we returned from a week of 84 and sunny to a week of 7 and gray...(sigh), but back in the saddle-time to get back to work!
Till we speak again, stay warm!
S&P Ends Week Little Changed
WEEKLY UPDATE - MARCH 4, 2019