Important Update July 2019

Good to see you. Hope you're enjoying your summer. Just a quick update today. No charts, no graphs. Nice and simple. We're seeing some storm clouds possibly forming that could cause the stock market to be a little bit more volatile. As a result, we've reduced our exposure to stocks in the last few weeks, and we're getting ready for maybe some more volatility.

There's really two areas where this is starting to show itself. Number one, the federal reserve has raised interest rates several times and possibly has increased them a little bit too high. We're starting to see a little bit of cooling starting to happen in the economy. The second area is the trade negotiations, especially with China. What we're seeing is this could drag on a little longer than everybody expected. There are a lot of companies out there, a lot of major companies, McDonald's, Starbucks, Caterpillar, for examples, and many more who have looked to China as a great growth area. And so now some of the expectations of these growth is starting to decrease, so that could have a negative impact in the short term.

For that reason, we've reduced stock exposure in the model portfolios, and we're now prepared more for some sideways action in the markets. Just to emphasize, these are short term things. Over the intermediate to long term things still look good, so we have no concerns over that basis, but this is a way to protect your portfolios over the next few months. If you have any questions or concerns, please feel free to let us know. As always, we appreciate your confidence in us here at GWP, and look forward to talking to you soon. Take care and have a great summer. Bye now.

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