Current Outlook
"May 2018"
106 months and counting ...
The market continues its attempt to not move onto a downward
trajectory.
It would appear that institutions are selling into the "buy the dip"
rallies.
While headline numbers continue to suggest a strong economy fueled
partly by the tax cuts and a resurgent U.S. dollar, the underlying data
speaks of weakness.
Over 70 million U.S. citizens are now drawing social security each
month and the pension timebomb facing many insurance companies and
governmental institutions continues to slowly impact upon the
consciousness of the public.
The polarization of the body politic continues preventing needed
reforms in many areas such as immigration, defense and social programs
from being discussed, let alone, being solved.
New positions should be monitored closely.
Remember to ... "Keep It Safe, Simple and Stay Focused!" going
forward.
Fred Richards
May 1, 2018
