We wanted to take a moment to let you know we have been watching things closely as we have seen volatility enter back into markets over the last two months. January 2018 had everyone celebrating with a strong performance in the first month of the year. Now two back to back negative months have some concerned and the large point swings we are seeing are a little unnerving. Officially in correction territory with most indexes down 10% from their highs is always concerning but, we don’t believe anything sinister is on the horizon.
Economic fundamentals look strong and we have yet to see the full impact of the tax changes on individual’s discretionary dollars and cooperate balance sheets. Take a few minutes to view Brad McMillian’s recent market comments (https://vimeo.com/channels/966267) as our thoughts are very parallel with his.
Presently we have not seen a need to make any significant changes to portfolios, but we continue to monitor things and will adjust as we feel is appropriate. If you have any questions or concerns, please let us know.
Thank you again for your trust and confidence