economy

No, this isn’t Joey Tribbiani (remember Friends?). 

[Note: We recently sent out a blast email to all of our clients who use email regarding the recent market volatility.  Please read it and let us know if you have any questions or would like to get together to discuss any changes to your circumstances.]

In November 2016 I listed some of the economic challenges that then President-Elect Donald J. Trump would need to address.  He had promised that GDP could reach 3% and a whole lot of other things.  So, how is he doing so far?  Here is a report card of sorts on what has, or has not, been accomplished economically.

The nature of our economy could help it withstand the disruption.

A trade war does seem to be getting underway. Investors around the world see headwinds arising from newly enacted and planned tariffs, headwinds that could potentially exert a drag on global growth (and stock markets). How badly could these trade disputes hurt the American economy? Perhaps not as dramatically as some journalists and analysts warn.1,2

Finally!  The market has had a pullback.  But not with catastrophic results.  We closed the year with the S&P at 2,673.61 on December 29, 2017.  As of the close today, February 6, 2018, the S&P has closed at 2,695.14.  This means that volatility is back after a 2017 that was just, well, HUGE!  As I have said a million times:  If nothing has changed in

Crises pass, and markets eventually regain equilibrium.

We have seen some uneasy times lately. Uneasiness impacts the financial markets. When it does, we all need to keep some long-term perspective in mind. Those who race to the sidelines and exit equities may regret the choice when crises pass.

President-Elect Donald J. Trump now has his work cut out for him. Our country needs for him to be successful. Here is a very brief list of some things that he will be dealing with that will affect the currently anemic economy.

THERE IS STILL A MASSIVE NATIONAL DEBT