Thoughts of the Day
The U.S stock market remains unchanged since January 2018. That is a good thing and bad thing.
On the negative side, it means that there is plenty of upside potential ahead if events break in the right direction (i.e. US/China trade war, inverted yield curve, business spending and investment plans, infrastructure spending being pushed aside, etc.).
The S&P 500 is now up by 25 per cent under the current administration – which works out to an annual rate of 10.6%. That is certainly a healthy pace.
They don’t ring a bell when to buy but I would be ringing the bell expecting a good 2nd half for 2019.
Optimism is the only Realism.
Thanks for listening,
