January 2019 Commentary: Resolve to ReviewSubmitted by MidWestOne Investment Services on January 9th, 2019
Welcome to the New Year! Mother Nature has continued her temperate ways with us into 2019. Even this week, she has displayed her sense of humor. On Monday, I went on my morning snack walk and was greeted with great January temperatures, but needed an umbrella for the freak rain shower. As the week has progressed, we have moved to wind chills approaching 0 degrees (not as much fun). Looks like we will improve again as we move into the weekend and next week. Hooray!!
In my last email to you, I sent you the 2019 Outlook from LPL Research. In keeping with tradition and encouraging multiple viewpoints, this week I am including the 2019 outlook from Transamerica. It is probably a deeper dive, so there is a ton of great information and perspective in the outlook. Enjoy!
No sugar coating, December was awful for the equity markets and your year-end statements won’t be as fun to look at as most of the statements over the last nine years. We didn’t make it all the way to bear market territory though, as Santa Claus did deliver on his rally. We have even started a small winning streak in 2019, something we hadn’t seen since before the November midterm elections. It seems as though the Fed is the main market mover, more important than any of the other factors we hear about in the news. What I encourage you to do is make the New Year’s resolution to review your financial plan. That plan will let you make informed, smart choices and potentially give you a better chance of reaching your financial goals. Please let us know how we can help.
We look forward to continuing our work together 2019. Thank you very much for choosing us to be on your financial team!!
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.