April 16th, 2018 - Weekly Economic Update
CONSUMER SENTIMENT INDEX DESCENDS SLIGHTLY
In its initial…
“Far and away the best prize that life offers is the chance to work hard at work worth doing.”
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About Me
Ron Richards is an independent Investment Advisor with over 25 years of experience in the financial services industry. It is his intent to partner with individuals and small business owners, so that they make smart choices with their finances.
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My Approach
Ron is committed to:
- Use his experience to guide, advise, and educate you
- Keep you accountable and disciplined on your way to achieving your financial objectives
- Partner with you, so that when hurdles come, we tackle them together
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Monthly Report
April 2018
THE MONTH IN BRIEF
In March, stocks faced another significant challenge. The Trump administration’s sudden plan to institute tariffs on imports sent a shudder through the bulls. All three major Wall Street benchmarks fell more than 2.5% during the month as investors around the world considered the prospect of trade wars involving American, Chinese, and European products. The Federal Reserve raised the target range for the federal funds rate by another quarter point; mortgage rates were little changed for the month, and existing home sales improved. In Europe, leaders agreed on how the Brexit would unfold. The value of bitcoin declined, while gasoline and oil futures rallied. All in all, it was an eventful and volatile month for the economy and the markets.1
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