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Bernardo Wealth Planning

January 6, 2020

Market Commentary – January 2020

Each month we highlight voices we respect from around the marketplace.  Here’s what they’re saying…

  • The theme of our 2020 Predictions is “uncertainties diminish, but markets struggle”. We intentionally draw on the fact that we see both positives and negatives for stocks as we head into the coming year. As we indicated earlier, some key risks [trade disputes, Brexit uncertainty and U.S. budget negotiations] look more manageable, while other fundamental factors may be working against the markets. Economic growth could pick up as we head into 2020, but we don’t think stocks will come close to the lofty results they reached this past year.  Read more…  – Robert C. Doll, Chief Equity Strategist, Nuveen
  • Growth should edge higher in 2020, limiting recession risks. This is a favorable backdrop for risk assets. But the dovish central bank pivot that drove markets in 2019 is largely behind us. Inflation risks look underappreciated, and the lull in U.S.-China trade tensions could unwind. This leaves us with a modestly pro-risk stance for 2020.  Read more…  – BlackRock Investment Institute
  • Presidents get far too much credit, and far too much blame, for the health of the U.S. economy and the state of the financial markets. There are many other variables that determine economic growth and market returns and, frankly, presidents have very little influence over them. As we move into the new year, I think we will start to see some improvement in U.S. economic growth, helped along by easy monetary policy, but I don’t think the winner of the next election, whether it’s a Democrat or a Republican, will have much of an impact beyond the usual short-term market gyrations.  Read more…  – Darrell Spence, Economist, Capital Group

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.

Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that the future performance of any specific investment, asset class, or investment strategy (including the investments and/or investment strategies recommended by the adviser), will be profitable or equal to past performance levels.  Information in this commentary is gleaned from third party sources, and while believed to be reliable, is not independently verified.

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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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