Monthly Note

Hello!

Spring has finally spring here in Southeastern Idaho. After a relatively mild winter, we’ve gotten a late/cold/wet/windy spring. However, we need the water, so it’s not entirely unwelcome.

Markets continue to be volatile. We had a nice rebound over the last few weeks, but markets have dipped again back to near their previous lows. Over the last 10 years we have grown accustomed to nearly constant market rises punctuated by bad, but typically short market dips. This seems to be different, instead of a bad dip, we’ve gotten a meandering bear market. I think over the rest of the year we will see a slow uninspired recovery, but it could be a while. That may sound bad, but markets need time to cool off and regroup.

Tax season is over, which is always nice for me to put in the rear-view mirror. If anyone has any lingering concerns don’t hesitate to reach out. I hope everyone has a chance to get out and enjoy the weather. School will be out soon, and we’ll be off to look at schools for our twin Seniors! Thank you.

Opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful. Because of their narrow focus, investments concentrated in certain sectors or industries will be subject to greater volatility and specific risks compared with investing more broadly across many sectors, industries and companies. Rebalancing a portfolio may cause investors to incur tax liabilities and/or transaction costs and does not assure a profit or protect against loss.