It’s hard to believe we’re over half way through the Year! Although 2018 has not been as favorable as last year and has included a pullback in the S&P 500 of over 10%, most markets have climbed out of the red and many firms, like LPL, have a favorable outlook for the near future.
LPL provides an insightful look at current conditions including rising inflation, the possibility of increased volatility, and the opportunities that still exist in the late stages of an economic cycle. Specifically, this piece addresses many of the questions I’m increasingly receiving regarding fiscal policy (including tariffs), bond yields for income oriented investors, and a GDP forecast (slightly upgraded according to LPL and most other large firms).
LPL Mid-Year Outlook 2018.compressed
As always we attempt to utilize current research in the management of portfolios, but sticking to a long-term, diversified investment approach often provides more of the consistent returns that most clients need.
Please send your questions and comments!