Weekly Update:

Good morning!

Today’s Title: Markets and Inflation… By Charley.

Markets:

The technology sector is on fire.  In the last four months, the value of technology stocks has increased by more than one trillion dollars.  Vanguard investment company has seen its flagship technology fund VGT increase by over $400 million in one day.  The fund now has more than $21 billion in it.

Technology is not the only successful part of the market.  The S&P 500 has soared 17% this year, building on gains after closing out its best quarter in nearly a decade. The Dow Jones Industrial Average has advanced 14%.

Inflation:

Inflation has consistently stayed under 2.00% This has resulted in the euphoric position of low inflation, economic expansion and an FOMC on hold.

The Economy:

GDP came in above most estimates at 3.20% for the first quarter of 2019.  All systems are go, and we see the economy going well for the foreseeable future.  Population trends and immigration are fueling a strong economy.

Contact your MFA advisor to discuss ways to grow profitability with a flat yield curve.  All of us at McQueen Financial are dedicated to your long-term success.

Have a great week!

Charley

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