What is Happening with the Stock Market?
/It’s time for the 2018 Market Briefing and this event couldn’t be more timely.
Market volatility is back!
2018 started out strong right out of the gate with the new tax-reform bill signed just days before the new year began. The markets responded enthusiastically to the new 21% corporate tax-rate and no more corporate AMT. Companies such as Apple announced they would bring back billions (up to $252 billion) of their foreign earnings and no longer hoard money overseas. The markets soared!
But it didn’t last long.
In early February the DOW dropped 10% from its all-time high due to inflation and interest rate concerns, but the market quickly started to recover.
And then, out of left field, in early-March, President Trump announced steel and aluminum tariffs will be placed on all U.S. imports except Canada and Mexico. China retaliated with their own tariffs, and the two go back and forth adding more goods to the tariff list each day.
By mid-March, Facebook revealed 50 million Facebook profiles had their data harvested, making the markets wonder if government regulations will resurface.
This is the tip of the iceberg of what you’ll hear at this year’s Market Briefing. Come join us for an evening of financial insight.
- Gail Gill, CFP® Worley Erhart-Graves Financial Advisors
Interested in hearing more from our financial planners? Join us for the Market Briefing Workshop:
- RSVP Deadline: Wednesday, April 18, 2018 to paige@wefinancialadvisors.com or 317-872-5090.
- COST: Free and open to the public, but space is limited.
- WHEN: Wednesday, April 25, 6:00-7:30 p.m.
- WHERE: The Pyramids, Pyramid Three, Lower Level, Conference Room A (3500 DePauw Blvd, Indianapolis, IN 46220)
