We have started off the New Year with recent geopolitical and global growth concerns that have had a negative impact on the market – China’s pace of growth and currency movements, Middle East tensions between Iran and Saudi Arabia, North Korea’s possible nuclear tests, and lower energy prices were the major headlines. With the heightened geopolitical risk and global growth concerns, we anticipate volatility but think a bear market will be avoided and stocks will ultimately move higher. We believe equity valuations have improved and businesses will continue to do well. Ultimately, lower energy prices should benefit consumers in a significant way by increasing spending and also enhance the profitability of companies.
It’s difficult to predict how the next headline will impact the markets but it’s important to not become discouraged. Don’t let the recent volatility affect your long-term goals, as wise decisions are never made out of emotion. We have developed a well-diversified portfolio built to achieve your long-term goals and remain diligent to identify sound investment opportunities. We value the trust and confidence you place in us.
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