Stock markets took a step back in May. The growth boost early in the year still maintains strong returns year-to-date and investment values are close to those of a year ago. Jitters over a potential trade war continue to add volatility to stock prices.
Signs of economic strength continue, suggesting that stocks may suffer without the economy going into recession. The strength in the economy will allow stocks to recover from a bear market more quickly and reduce the depth and duration of the next bear market. For now, we anticipate continued strong stock markets despite continued volatility (some months may be down). Your investments are prepared for both.
The FPA NorCal conference again offered a wealth of information and contacts. The “30,000 foot” perspective allows a more holistic view of our Advisor practice, not just investments but all aspects of financial planning, offering new insights and solutions to the planning situations and issues we face together.
An unrelentingly soggy spring slipped into something much more comfortable. Although farmers struggle now with the delayed growing season, they will catch up. Meanwhile we drink deeply the luxury of intoxicating soft air with all the colors and scents and sounds of spring at last.
