Second Quarter 2018
After the feast in 2017, this year has so far been a famine. If 2017 provided us with a bounty of stellar returns, 2018 has served up some indigestion through the halfway mark. Despite excellent earnings from corporations gorging themselves on lower corporate tax rates, markets have not yet powered through the multiple concerns of tightening monetary policy, inflation, runaway fiscal policy, a trade fracas, Euroskepticism (opposition to increasing the powers of the European Union), Chinese growth and geopolitical risks.
Matthew Forester is the Chief Investment Officer and Director of Investments for Lockwood Advisors, Inc. and a Director for Pershing, a BNY Mellon company. In his role, Matthew provides input into Lockwood's proprietary investment models and reviews updates for Lockwood’s discretionary products. He is a member of the Lockwood Investment Committee.