This past quarter has been extremely profitable, with accounts reaching all-time highs on the strength of the tech and semiconductor sectors. However, since the end of June, the market has experienced unusually high volatility, especially in these high growth tech sectors due to war, trade and energy uncertainties erasing some of those extraordinary gains. The old adage, “The first casualty of war is the truth,” aptly describes the challenge facing investors and analysts as conflicting information contributes to much of the volatility. The Administration’s regular assessments of the situation often proved overly optimistic and, in many cases, did not materialize as anticipated, adding to market corrections and uncertainty.
Continue reading 2nd Quarter Update: War, What is it Good For…3rd Quarter Update: Choppy waters, Tech Boom Yet?
The economy at present seems to be holding steady in a remarkably durable growth path. Despite the absence of important economic data from some of the temporarily shut down government reporting agencies, there are private sources of reliable information to draw from. We recently reported that the economy was slowly softening. This occurred in no small part because of the earlier sometimes erratic and significant policy changes in the administration that caused many companies and consumers in general to curtail spending plans. That effect has decisively abated as the policy turmoil has subsided. The economy seems to have weathered it fairly well.
Continue reading 3rd Quarter Update: Choppy waters, Tech Boom Yet?
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