Boy, in just a few days, half of 2019 will be in the books with the 4th of July quickly following. You would never know it, but the equity markets have totally recovered from their 4qtr2018 swoon. Last week was another very good week for equities, even though the 3 major indices were lower Friday, still making it the best week of the year.
What we’ve experience so far in 2019, is the kind of volatility investors love, markets going up. But for some reason, when markets decline as they did towards the end of last year, investor fondness of volatility suddenly goes out the door. And, with the help of the news media and financial advisors painting apocalyptic pictures, clients get scared out of the markets and miss all the upside potential equities offer.
For the rest of this year, I plan to unpack this phenomenon and provide information about the various components of what a sound, balanced portfolio provides. We have been working on a special report that will actually inform investors what their investments provide, both to them and the economy.
In the meantime, it’s never too late to start working on your menu for the 4th of July, however you celebrate it. Attached is a receipt for some St. Louis style ribs which is what’s called a wet rib. I prefer the dry rib, also called Memphis style ribs, but its good to have this receipt too.
Now, I hope we can all go out and make the world a little better this week, wherever we are.