Newsletter | January 28, 2019
Market update by
Todd Day, MBA
Portfolio Manager
Earnings Season—so far
so good
The major averages finished mostly flat last week after several solid weeks of performance, but I had said that it wouldn’t be a surprise if stocks took a pause and digested the gains we have seen since the December 24th lows. Last week resembled a lot of sideways chops, which is okay. It is healthy for the averages to digest some of the year’s gains.

We were going along quite well and then last Monday happened. First, China reported growth continues to slow in their economy and then the U.S. turned down preparatory trade talks with China

"There is only one way to avoid criticism: do nothing, say nothing and be nothing."
– Aristotle
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