Tuesday night President Trump spoke to a joint session of Congress and said, “The stock market has gained almost $3 trillion in value since the election on November 8, a record.”
I’m not the fact checker, however it is true that we’ve seen an unprecedented rise (unexpected for many) in the market. In the last two weeks we had 12 straight days of Dow highs and as I write today another Dow high over 21,000. It’s been called the “Trump Bump.”
So what’s next? I wish I knew. I don’t have a crystal ball. What we continue to do is watch the market trends closely. Our emphasis is on risk management and protecting irreplaceable capital. Whether retirement is on the near horizon (or you’re currently enjoying a great 2nd Half) there’s no time to allow for dramatic capital losses.
We seek to secure gains in advancing markets and protect capital in negative markets. Since the election we’ve continued to see advancing markets. For many of our clients protection has become much more important than growth. Protecting your irreplaceable capital is critical.
If we haven’t talked recently about your future, the economy, politics and how these or countless other things may affect your investments and savings let’s talk soon. Send me a note or give me a call. I look forward to talking soon.
To Your Best 2nd Half,
