Remember, the only choice is optimism, the pessimists never get it right.
The equity markets seem to remind me of the fairy tale Goldilocks and the 3 Bears. Some talking heads seem to feel that stocks are very overbought and a market correction or worse is headed our way. Others seem to say that the stock market still offers value and just keep buying while a 3rd group seems to be indicating that things are just about right and hold on.
Value stocks (our preference) continues to outperform growth stocks. The bloom may have wilted on the large tech growth stocks. The earning season has ended and continues to show a vibrant corporate economy and a continuing economic recovery. Now if the unemployed just wanted to go back to work.
The attached article is a summary of the equity markets with focus on what might happen with inflation and potential tax law changes. As I mentioned last week there’s technical, transient, and structural inflation with the big question being what type. That remains to be seen.
I added the article about Asset Transfer Strategies because you just never know and it’s good to be prepared and know what, where, when and how should the need arise. The ultimate message is that it’s complicated and you need to have advisors that are well educated help.
Next week is Memorial Day weekend and Jean & I are planning on taking the weekend off. So, while there won’t be an email next Monday, please take some time and remember what it takes to keep freedom alive. As always, should you have any questions or wish to talk or get together, please just email or call.
Have a super week!
PS: This is not an offer to buy or sell securities. No investment process is free of risk, and there is no guarantee that the investment process or the investment opportunities referenced herein will be profitable. Past performance is not indicative of current or future performance and is not a guarantee. The investment opportunities referenced herein may not be suitable for all investors.