As we say goodbye to the 1st half of 2019, it’s always good to reflect on what just happened and, while I leave it to the pros, tell us what we might expect for the rest of the year.  (See the article for all the details.)  First though, I hope everyone had a good celebration of our nation’s birthday.

I want to go back to the 4thQTR2018 for a moment and point out that, during that quarter, the S&P 500 stock index dropped its market value by almost 20%.  If you take time to think about that, does it sound rational that, in 3 months, 505 companies that make up the S&P 500 lost almost 20% of their collective value?  That’s a little less than $5 trillion dollars.  And, now, here we are, closing out the best 6 months the index has had in a very long time, while reaching new all-time highs.

A great percentage of the “pros”, using the article as a reference, seem to believe equities are going to continue up for the rest of 2019.  As you all know, I don’t like to make predictions.  I have no crystal ball that gives me anymore insight than the next guy.  I fall back on Jeremy Siegel’s book, “Stocks for the Long Run”, when he writes that, for a very long time, stocks have been outperforming inflation by a wide margin. (I do look at the fundamentals and things do look good.  but, things change.)

So, where I’m headed for the balance of this year is meeting with as many of you as I can to review and talk about what’s next for you and your family.  Until then, I hope you have a super week.

Link to article…

Doug Alden

PS:  Always remember, investing in equity markets has risk and past performance is no indication of future performance.      

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