September 2019 Commentary: Games and GoalsSubmitted by MidWestOne Investment Services on September 4th, 2019
Never fear, I am not starting to write to you more frequently. Rather the email from last time was slightly delayed, so this one feels like I am coming at you a little quicker!
August was a bumpy month and the S&P 500 ended down around 1.5%. All things considered, that wasn’t bad, as the only winning week of the month was the last one. For the year, the S&P 500 is up over 18%, but over the last 12 months it is barely up 3%. The last 18-24 months have definitely put trust in your financial plan to the test.
I am attaching a link to the latest commentary from Bob Doll, as he hits the highlights of what is pushing the market around:
As Mr. Doll mentions, the equity markets have barely moved since the start of last year. I would argue that doesn’t accurately describe the last 20 months or so. We have seen news snippets and sound bites push the market around, both positively and negatively, like never before. Because we are still close to the highs from January 2018, this makes for a great time to review your plan as we head into what could be an unusually volatile election year. Market timing is a losing game, so getting your goals and needs lined up with your appetite for risk is a great first step in navigating what is likely to be choppy waters.
Thank you for your support and enjoy the beginning of school and football season!!
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss. This material may contain forward looking statements and projections; there are no guarantees that these results will be achieved. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Robert Doll and Nuveen are not affiliated with LPL Financial.