This quarter's On the Horizon list sees European elections and OIl & Gas drop off. One thing worth emphasizing is that what moves the market is often not the news itself, but how that news differs or surprises relative to what was expected.
The investment industry loves to talk about the “Goldilocks” economy or market - a phrase used to describe the ideal investment environment in which the economy and markets are performing well enough, but not so well as to create a bubble.
Complacency in investing rarely ends well. As strong as the last 12 months have been, it is important not to extrapolate and assume that such a trend will continue. In the cartoon below, that is clearly the “plan”.
Relative calm and near complacency dominated markets during the 2nd quarter. There was no shortage of drama geopolitically, but both stock and bond markets continued to yawn and move higher. There were also no big revelations economically, altho
In our new format each quarter, we will take a little deeper dive into a topic that is timely and interesting. We’re certainly open to suggestions on topics that you’d like to understand better or hear more about
The big picture for Smith & Howard Wealth Management is always going to be framed by valuations. As long-term investors, we recognize that as interesting as it is to speculate and debate about near term events and breaking news, investment re