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Tel: (314) 961-1850

Believe it or not the first day of fall starts Sept. 22nd!!  Usually, by this time of year, we would have sent a couple of emails/mailings regarding the market downturns - not this year, which is highly uncommon, even remarkable.  The good news is that we have been on the "right" side of the trade and enjoying these increasing market values (yes, the market is down ~ 2% recently- just a scratch!)  Please remember: Our primary mission is to provide custom financial planning and wealth management with the objective of helping you meet your financial and lifestyle goals.   

As you are aware, since the Presidential Election, the market has been going up while volatility has been decreasing and staying low (until recently with N Korea/US saber-rattling) - historically this low volatility happens about 1% of the time!   However, you will recall, the two 10%+ market declines in January 2016 and August 2015 happened not too long ago.  Moreover, largely due to the earnings recession, values had been mostly flat for about 18 months prior to the election.  This earnings drought ended with exceptional first quarter earnings this year with this promising trend continuing into the second quarter, as is currently being reported now.  

The first half of the year is well behind us:   U. S. stocks had the strongest performance in first half of the year since 2013, with the tech heavy Nasdaq having its best performance is almost 8 years.    The DOW 30 and S&P 500 Index both gained around 8% in the first six months of the year while the Nasdaq rose just over 14%.  The second half of the year will likely be more volatile with gains possibly being moderate unless we get tax reform, which may not happen until next year.

We also have next month’s debt ceiling deadline, inflation watch by the Federal Reserve, news from Europe on rates and outlook for US rate increases this fall and into 2018.  These concerns will most likely weigh on the markets more than N Korea.  However, interest rates and inflation will likely remain historically low well into 2018 while Japan and Europe continue to stimulate their economies and US companies continue to buy back stock.  Despite possible dips of 3-5% (very common) or even the annual 10% correction (also common), the down turns may be short lived and buying/reallocation opportunities will arise.  

 

 

Steve Erken, CFP®
Principal
August 24, 2017

Market Performance

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Maxele Advisors may only transact business with Missouri and Illinois residents or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements

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Maxele Advisors, LLC is conveniently located in Webster Groves, Missouri with ample FREE parking.

MAXELE ADVISORS, LLC
20 Allen Ave.
Suite 330
Webster Groves, MO 63119

Tel:  (314) 961-1850

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