Happy New Year and already we’re off to a roaring start. All the equity indexes set records last year and for the 4 trading days of this year, records continue to be set. Yesterday, as Jean & I were getting ready to play in our local bridge tournament, one of the players asked me if I was rebalancing to a more conservative investment strategy and I answered that we weren’t. And I told him that the trading strategy we are using for our equity clients is designed to over-preform rising markets by about 7%+/- while under-performing declining markets. And, while it’s not guaranteed, should the markets crash fast and suddenly, this strategy is designed to recover most, if not all, the losses. Because of this “insurance” strategy (again, non-guaranteed) I’m very comfortable staying fully invested. Much more on this is the coming weeks and months.
I’ve been a big fan of technology and the article about the end of smart phones got my attention. I have gone through a virtual technology exercise and it’s pretty amazing. We’ll just have to wait and see how soon smart phones start disappearing. My guess is that it will take a while.
I find it unbelievable that only 14% of people surveyed think the tax reform bill will actually be beneficial to them. I guess it depends on where you get your news. We always seem to spend to the level of our income and then some, so I expect this year will see a continuing expansion of the economy with employment rates at or lower than they are now. One amazing fact is that African American unemployment is at its lowest level since the government started tracking that statistic. Now if we could just find some reasonable fix for the health care system.
Finally, speaking of smart phones, Jean & I upgraded to the new Galaxy Note 8. And, since it’s a new year with most of us wanting to lose weight, the article about the nutritional apps for your phone may keep us on track with our New Year’s resolutions a little longer than normal. Now, we just have to go out and make it a great year!