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In our blog post from Monday, we alluded to ongoing discussions our Investment Committee has had regarding allocation positioning in this recent market turmoil.  As we mentioned, we have purposely kept the stock allocation below target during this period of volatility as an additional form of risk control.  Our investment committee has approved a systematic approach to rebalancing por

Our Investment Committee has been meeting daily to strategize on what actions to take given the intense market volatility we have experienced over the last month.  To date, we have purposefully not rebalanced back to target as an additional risk control measure.  We acknowledge that it is difficult to look forward with so much uncertainty and so many currently unanswered questions, bu

Dear CTWM Clients,

As you might have guessed, we have spent the last several weeks closely monitoring these whipsawing markets, testing and retesting financial plans, collaborating with our research partners, and connecting with our clients. 

Stock market volatility has continued this morning, leading to the trigger of market-wide circuit breakers. Put simply, market exchanges have mechanisms in place to try to help reduce panicked selling. The New York Stock Exchange declined by more than 7% this morning at the open, which triggered the first circuit breaker that halted trading for 15 minutes.

The last few trading days have not felt comfortable but market sensitivity to a headwind like the Coronavirus is not surprising. While the fear of a more serious outbreak is a legitimate concern, progress towards containment with immaterial impact to global economic forecasts is still the expectation and therefore we recommend staying the course.

Three-quarters of the year are behind us now, and both stock and bond markets have had a strong year so far. Stocks and bonds typically do not experience simultaneous growth and certainly not of this magnitude for bonds.

Our last few portfolio updates have shared a recurring theme; we have taken gains in growth assets and moved to slightly more defensive positioning recognizing that we are likely later in the economic cycle.

A little goes a long way. Perhaps, a phrase many of us can relate to in some way whether we’re referring to a change in our spending habits, showing kindness to a stranger, or adding hot sauce to our dinner. Our investment committee works tirelessly to find opportunities, big and small, to drive better outcomes in the portfolios.

The end of the first quarter of 2019 has brought sunshine, baseball, and one of the best quarters US stocks have seen since the 90’s. While the sharp recovery from last year’s market declines has been a welcomed move, we are mindful that we have just celebrated the 10-year anniversary of the current bull market and the U.S. economy appears to be softening.

To help you plan for the preparation of your income tax return, please find below the mailing schedule for your 1099 consolidated statements from LPL Financial.  LPL Financial mails 1099 consolidated statements in waves to account for various deadlines and income variations so that your tax information is timely, accurate and reliable.