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At our 2017 Holiday Breakfast, Matt Wilson and I gave a presentation to our clients, families, and friends that analyzed the state of the economy at the end of a record year and attempted some predictions for where we could be headed in 2018.
When people ask, “How’s the market doing?” the response is typically based on how the Dow Jones Industrial Average is doing (Dow for short). The Dow has been around since the late 1800s, so it has a long history of measuring how the US stock market has performed.
On today’s show, we discuss how to keep media scare tactics out of your head, out of your decision-making, and out of your portfolio.
On January 13th, I was walking through the grocery store with my mother and daughter when I noticed that I’d missed a call from my son, Devin, who was vacationing in Hawaii. I played Devin’s voicemail and listened as he very calmly told me that I didn’t have to worry. The alert of an incoming ballistic missile, headed for Hawaii, had been a false alarm. He was safe, after spending a terrifying 25 minutes huddled in a storm drain with about a dozen other people.
Please click below to watch a replay of our Market and Economic Outlook presentations for 2018.
But that doesn’t mean there aren’t important things to consider at this point in the market cycle. On today’s show, our wives are in the studio to help us discuss the mid-year outlook for the markets, consumer spending, what surprises might be around the corner, and how to plan accordingly.