I hope you all watched my brief video to explain the current economy. To give a brief synopsis of what you just heard, the market is currently rough at the moment as it is in a correction. I do not expect that current corrections will be long term as it is being driven by recession fears, interest rate hikes as well as trade concerns. 2019 economically will be a slower year than 2018 with the latter part of the year having greater risk due to the FED potentially over-tightening with interest rate hikes and trade issues as well as consumer spending slowing because costs are higher. We are concerned about risk and volatility continuing in your portfolio for 2019 so think about how you want to be positioned for that. We are rebalancing and constantly evaluating your portfolios in step with what is transpiring in the market and economy.
The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor with regard to your individual situation. Comments concerning the past performance are not intended to be forward-looking and should not be viewed as an indication of future results.