Strategic Update – Navigating the Course Ahead Mid-Year 2018

Maybe the excitement of the World Cup has clouded our perception with “futbol fever”, but it seems like the performance of stocks and bonds in the first half of the year was very reminiscent of the quadrennial sporting spectacular. Lots of noise, tons of excitement, tension, jubilation, disappointment, trash-talking Tweets...and in the end, very little change on the scoreboard. This is particularly true with the US markets which fared better than those overseas - which is ironic since our team didn’t even qualify.


The stock market started out strongly for the first few weeks then in late January, 2018, the storm clouds of a potential trade war came twittering in.

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