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June 5, 2019

BWP Market Commentary – June 2019

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.

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We’re excited to introduce emX from eMoney Advisor. More than just Bernardo’s client portal, emX offers you a complete personal financial management website. It keeps your various banking, investment, and insurance accounts updated and organized, lets you manage your budgets and spending, and even helps us chart a path for your long-term-planning goals — all in one convenient online/mobile experience. Contact us to sign up.

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This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. The strategies and/or investments discussed in this material may not be suitable for all investors. Bernardo Wealth Planning recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial advisor. The appropriateness of a particular investment or strategy will depend on an investor’s individual circumstances and objectives. © 2016 Bernardo Wealth Planning

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