As of March 1st, each side of the US Government dug in their heels and the deadline for a deal to avoid the sequester passed with no agreement in sight. Equity markets took the news in stride and moved higher on other economic data and generally positive earnings announcements.
The disconnect between consumer and government opinions continues to create uncertainty in the markets. Some expect further growth others expect a bit of a pull back. Timing market movements generally leads to two things: 1) Increased Cost and 2) lower performance. Just because one index moves up or down, doesn’t mean that all investments move in the same direction or at the same rate.
Our philosophy allows us to build a diversified portfolio based on your goals. We then continually monitor the investments based on market forces and your goals in hopes of creating more enjoyable moments.