Each month we highlight voices we respect from around the marketplace.
Here’s what they’re saying:
- Summer tariff increases are likely to keep consumer spending sluggish. We believe declining spending would result in near-term weakness for the consumer, but not a bear market. U.S. consumers are relatively healthy, with a high savings rate and an encouraging level of jobs and wage rate increases. Read More…
– Robert C. Doll, CFA – Nuveen
- The stock market sees about an 80% chance that the U.S. reaches a trade deal with China, but those odds decline by the day. [U.S. stocks are] not far from all-time highs, because there is an expectation in the market that [President Donald] Trump has got to do a trade deal. [The stock market] has to be higher than it is right now [if Trump wants to get re-elected in 2020]. Read More…
– Jeremy Siegel, Wharton School of the University of Penn.
- The Federal Reserve maintained its target range for the federal funds rate at 2.25%-2.50% at its May meeting. In the press conference, Chair Powell reasserted that the U.S. economy is healthy and that financial conditions do not pose a risk presently. Given this, we expect no rate adjustments in 2019. Read more…
– David Kelly, J.P. Morgan
As always, we continue to believe that one’s circumstances and risk profile should determine the appropriate mix of investments and not media headlines. Please contact us if you ever have any questions or concerns about your accounts or any news you hear.