• MICHAEL LOFTUS

Weekly Wrap Up 8-23-19

This has been headline driven market, so let's focus on that today


China and Trade - China threw a zinger out before Chairman Powell was to speak. Needless to say the markets quickly went negative



Powell's Jackson Hole speech - As we had expected, he wasn't dovish enough for the markets. Saying he was going to rely more on the data, of course we have heard this before. Markets go flat.




President Tweets....Again... If anything he is consistent on shaking up the markets and this one was a doozy! We have been saying for months there will not be a deal, knowing China will never make one. I do think we need trade balance, but China doesn't work that way.



So what now? With this rocky news day, Gold soared, Treasuries continued there move lower and out late cycle sectors have fared very well. We are still holding 13% in cash and as you see from the short term chart below, that has been a good thing. Range bound and weak volume, will move markets.


As we are getting closer to closing out the summer months and head into one of the choppier times of the year, it's a good time to #staynimble. Headlines, Europe and US Slowing, Inverted Yield Curve, to name a few issues. Take profits, raise cash and be patient.







GET STARTED

SCHEDULE A VIRTUAL APPOINTMENT

Being virtual means you do not have to leave the  safety and comfort of your home.  As long as you have a device and the internet, we can meet.  Meet us when it is convenient for you, from wherever you are. 

We can engage with you via Zoom, a secure venue or phone call  

Want us to contact you?  Just fill out the form below and we get back to you as soon as possible.

To schedule a meeting in person call our office at (302) 251-8901

MAILING ADDRESS:

32828 Reba Rd, Suite C

Millville, DE  19967

PHONE:

(302) 251-8901

Check the background of your financial professional on FINRA's BrokerCheck- https://brokercheck.finra.org The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by third parties to provide information on a topic that may be of interest. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

*Securities and advisory services offered through United Planners Financial Services, member FINRA, SIPC. Loftus Wealth Strategies and Untied Planners Financial Services are not affiliated. 

*We are licensed to sell Securities in DE,PA, MD,IL,NC. Insurance-related services may not be provided to individuals residing in any states other than DE,PA, MD,IL,NC.

302-251-8901

  • YouTube - White Circle
  • Facebook - White Circle
  • LinkedIn - White Circle
  • Twitter - White Circle