As Champion of our signature project (partnering with Children of Hope Uganda on a school sustainability project) I was at the KC Rotary International Aid Fund Board meeting yesterday. It is a collection of top notch business and professional leaders from our community. It’s great to be involved with such a high caliber group of people for such a worthwhile cause. The project is definitely complicated and we are hopeful we can make a difference.
This Past Week; U.S. equities trended higher following a report that regulators are close to further easing banking rules, while the government shutdown drama in Washington is weighing on the greenback.
2017 – The numbers are in and it was another fantastic year of results for our Proprietary Guided Portfolios! The RBC DS system of, by far the most and the best analysists, along with the highest level of Wealth Management offerings in the industry, then combined with a 34 year track record of Outperforming the Markets/Benchmarks, is unmatched in the industry and continues!
2018 – Our analysists see a very low chance of recession historically speaking. While we never know what can happen, at this point our main recessionary indicators are not even yellow never mind red. We are all green for go or growth. One of my favorite and most seasoned analysts, DS Portfolio Strategist Jim Allworth, likes to say we can predict recessions but, we can’t predict pullbacks. They are a normal part of a Secular Bull Market. Given everything we know at this point in time, we wouldn’t be surprised at all to see a normal market pullback in 2018 (especially since we did not have one in 2017). We would expect though, that it will be a buying opportunity and markets would move upward and onward from that. There are certainly no promises, guarantees, or assurances. There are different geographical regions and markets, and potential uncertainties so we never know what regional markets and the year will give us. Having said that; our analysts believe we should give equities the benefit of the doubt.
Global Insight WEEKLY
The Weekend/Weather; The warmer weather continues with slightly positive highs for the next few days.
The road to the Super Bowl also continues with the Conference Championship games today and tomorrow.
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