2018 1st Quarter Market Update
Senior Research Analyst
Our Senior Research Analyst, Summer McKellar joined Clay Moden on WYRK 106.5FM to provide Sgroi Financial’s 2018 1st quarter market update. Below we also included our full market update along with our expectations moving forward.
To listen to the full interview:
In our previous market update we referenced the term volatility. 2017 was a year with record low volatility which allowed markets to steadily rise. But with the new year came volatility – which to many may seem out of the ordinary. But in fact, a year like 2017 was out of the ordinary in terms of volatility. The S&P 500 is showing its resiliency during a tough stretch in February that brought back volatility we haven’t seen in over a year.
As we see economic conditions that continue to support our positive short term outlook for markets around the world, volatility is going to be the key factor in 2018. In some portions of the first quarter our market seem destined for a downturn that could last. However the market has been steady in getting back to even and above. Our outlook over the course of 2018 and into 2019 remains one of a healthy economy domestically with international markets that are in an early-mid growth cycle stage that will help boost portfolios that are allocated correctly.
Risks to the downside continue to be a geo-political event that may cause investors to hurry to cash. The recent news of tougher United States trade policy could also spiral into a scenario where country’s become more isolated. This could create a difficult and unprofitable environment for many corporations around the world. We are optimistic that foreign policy and trade policy will be done in a moderate and predictable way; giving investors the clarity they need to make appropriate investments.
You can catch our weekly Plan.Protect.Invest. segment live on WYRK 106.5FM at 7:10am every Wednesday. Each week we will have a Sgroi Financial planner on with Clay Moden and the WYRK morning show to discuss financial topics to educate and help their listeners.
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