Brexit: The Week After
by: Smith and Howard Wealth Management
(Originally published June 30, 2016) Since our commentary on June 24, 2016, markets have rebounded modestly, with the S&P 500 closing yesterday (Wednesday) up almost 2%. The markets in London, Japan, Germany and Hong Kong were also up slightly. This underscores our message from last Friday on the importance of practicing patience in the midst of market volatility and the benefit of a balanced portfolio that helps investors weather market ups and downs.
Outside of the financial markets, the following are points of interest and bear watching:
We continue to stress that we believe that any long-term impact on the U.S. economy should be modest. Weaker economic growth across the Continent will be the main impact on our own economy.
A reminder: With uncertainties in play, we will not make immediate changes to our portfolios. As always, we believe a broadly diversified portfolio helps to provide protection during periods of increased volatility and see such volatility as an opportunity.
If you have any questions, please call me at 404-874-6244.
All references in this publication referring to our average allocation or “typical portfolios” reflect those of the fully discretionary accounts of clients with moderate risk profiles. Actual client portfolios are tailored to individual client circumstances and asset allocations may vary. Any reference to returns reflect the performance of asset classes, are for illustration purposes only, and do not reflect the returns of any specific investment of Smith and Howard Wealth Management. No representation is made that any investment decisions discussed herein have been profitable in the past or will be in the future. Past performance is no guarantee of future results. A list of all recommended investments is available upon request.
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