To Our Valued Clients, In review of the third quarter of 2018, the US economy continues to maintain strong momentum as nonfarm employment growth and consumer spending suggest real GDP growth will continue at a solid pace. Strong job growth, higher asset prices and a relatively solid savings rate should continue to support consumer spending.
To Our Valued Clients, In review of the second quarter of 2018, clearly the ongoing trade conflict between President Trump and other nations was a main risk focus. Renewed trade tensions between the United States and China have sparked market volatility as the two nations announced roughly $50 billion in tariffs aimed at a broad
To Our Valued Clients, January 2018 felt much like a continuation of 2017, however, the market environment in February and March could not have been more different. We were reminded that market volatility exists, as we moved out of one of the lowest volatility years on record into a new wave of normalized volatility in