E-mail to clients on August 15, 2019:
Thank you for your thoughts and prayers during my back surgery Monday. The surgery and rehab are progressing very well. Working at home with my laptop and speedy internet connection.
With the Dow Jones Industrial dropping 800 points yesterday it may have grabbed your attention. This was only a 3% drop after the markets had risen 20% from the first of the year. Also, keep in mind this is August, still the summer, and a lot of investors are still on vacation. This fact, of low volume in the markets, leads toward exaggeration in the markets. When more of the investors come back in to the markets in September and October any extreme investors (or investments) will be diluted by higher volumes of investments.
Also, remember that 70% economy is supported by the consumer. With unemployment near or at all-time lows, wages increasing and taxes low; the consumer is in good shape and spending money.
As always we are here for you. We are monitoring the markets and your investments as they support your financial plan. Do not hesitate to call the office and speak with Sarah or you can e-mail me and I will reply as soon as I am able.
Thanks again for your trust,