Market CommentarySubmitted by MidWestOne Investment Services on March 2nd, 2018
March 1. Sunny and a little breezy. Feeling very Spring-like and it is very enjoyable. I was asked this morning if I thought we were done with snow, and I said of course not, we live in Iowa!!
Even though you can find it on our website www.midwestoneinvestmentservices.com, I am attaching the latest Market Commentary from LPL Research. Interestingly, even after a tumultuous February, they are raising their 2018 forecasts due to underlying company fundamentals. I will let you read why in the attachment.
Last week, one of my co-workers and I had the opportunity to go to an LPL conference. The highlight of any LPL conference is getting to hear Burt White and listen to his thoughts on the market and factors moving the market. Burt shared many thought provoking concepts, but two things stuck with me. In periods of high volatility and downward market pressure, people like to say the market is being tested. Burt’s feeling is that the market isn’t being tested in times like that, but rather the investor is being tested. And he doesn't believe the average investor held up well in February. The second concept added onto the first. 10 years ago, 15 years ago, 20 years ago, investors could get news and information, but the process took longer. You might have to go to the library, wait for your evening paper, talk to your friends that might have some investments. Now, you can go online, pull up a few charts, flip to three or four different news channels, and then pull up your online trading account and sell. The process is tailor made to take advantage of those without a plan.
That is exactly why I place so much emphasis on having a plan. I even expect most of your reading this have a plan by now. Periods of volatility (both positive and negative) are great times to review your plan and make sure you are taking appropriate risk in the right places. We would be happy to help assess your portfolio with us and any other assets you may have and use in your financial planning.
Thank you very much for your partnership with us!!
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.