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Third Quarter 2019 Market Report

In a Twitter

in a twitter idiom

Definition:in an agitated state.

Source:Oxford English Dictionary

It has been a strong year for financial markets, but you’d hardly know it based on the attitude of investors. Nearly every type of investment has risen this year--many handsomely--and economic fundamentals remain solid. Yet investor angst about the economy is the highest in years (see the chart at bottom).

What accounts for this disconnect? We see two reasons. The first is that due to the trade war with China, Wall Street and Washington now share the same news cycle. America’s raucous politics are part of the storyline for the stock market. In the past, it was easier for investors to separate the two.

The second reason is the proliferation of social media. Mark Twain wrote, “A lie can travel around the world while the truth is still putting on its shoes.” In a similar way, misleading or alarmist market headlines can now be shared instantly around the globe through outlets like Twitter and Facebook. By the time careful and reasoned analysis arrives, investor attention has moved elsewhere.  On top of this, smartphones allow investors to receive updates on their money any time, any place.

So, what should investors do? Unplugging from the news isn’t the answer. Instead, remember that your long-term financial plan–not daily market headlines and volatility–should drive your investment strategy. Likewise, when consuming financial news, distinguish between what writer Nate Silver called “the signal”–news intended to inform the reader–and “the noise”–news intended to entertain or provoke. Indeed, that is the aim of this quarter’s report: to focus on what matters most for your money.

Continue reading - download the FULL report HERE

DISCLAIMER: Past performance does not predict future results. This report is based on data obtained from sources we believe to be reliable. Hefren-Tillotson does not, nor any other party, guarantee the accuracy or completeness of this report or make any warranties regarding results obtained from its usage. All opinions and estimates included in this report constitute the firms judgment as of the date of this report and are subject to change without notice. This report is for informational purposes only and is not intended as an offer or solicitation to buy or sell the securities herein mentioned.

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Hefren-Tillotson Inc. is a leading diversified financial services firm providing investment and retirement plan management and comprehensive, financial planning through MASTERPLAN® for individuals and businesses. The firm’s wealth management services are administered by Certified Financial Planner (CFP) professionals, Chartered Financial Analyst (CFA) Charter holders, attorneys, Chartered Life Underwriters, and CPA/PFS’s. Hefren-Tillotson offers corporate services including 401(k) retirement planning, executive financial counseling, fiduciary reviews and workplace financial planning seminars. Founded in 1948, the firm is headquartered in Pittsburgh and has offices located in Pittsburgh, Butler, Greensburg, North Hills, and South Hills. MEMBER SIPC.