The S&P 500 and the NASDAQ indices both hit new highs as we closed out the last full week in July. Unemployment numbers, GDP numbers for the second quarter of 2019 and the inflation rate all seem to be moving in the right direction for continued growth for the US economy. And, it appears the country has survived the Mueller testimony he gave to congress on Wednesday. (Boy, they sure can spend a lot of money without doing anything.)
This is an observation of mine but when I do my weekly research, most of the talking heads continually push about the possibility of a recession. It’s almost like they hope one comes along. I don’t have a crystal ball, so I try to stay out of the predicting business. But there are several major factors that may come to pass with a favorable outcome for the US like the USMCA trade agreement that will be the updated version of the NAFTA trade agreement between the US, Mexico & Canada accord. Also, China and the US are back talking about trade between these two large economies. For the first time in like forever, these agreements are pushing for a more level playing field for the United States. So, stay tuned, life is always interesting.
This fall, one of our grandsons is headed to college and a granddaughter is in her senior year of high school with a determined goal of graduating from college debt free. So, when I saw the article about a student’s guide to track expenses, I added it to this week’s email. I thought there may be many more of us grandparents/parents out there that may have students dealing with college funding or just trying to get a handle on their cash flow. I’ve always thought that the hard part of a budget is just staying on it. Hopefully, there may be some help with the attached article.
As always, should you have any questions or wish to meet with me, please just email or call the office. In the meantime, have a super week.
PS: Always remember, investing in equity markets has risk and past performance is no indication of future performance.