Dear Clients & Friends: 2018 has been a year to forget, in many ways. And yet… Unemployment is at a ~50-year low, the economy continues to chug along at about a 3% GDP annual growth rate, corporate profits are at a post-war record, and consumer spending (PCE) is up on both a month-over-month and year-over-year basis. Yet we just suffered…
This article was previously published on RealMoney at 2:30pm EST on March 6, 2018 It’s been an interesting start to the year. Given how strong 2017 was, coupled with tax reform that would be taking effect in 2018 (and reducing both corporate and individual tax rates for the coming year) it felt smart to anticipate some selling in January. Waiting…
