>You can lead a horse to water

>The internals of the market are still improving, but no one wants to take a drink. There is still just under 2.9 trillion dollars remaining in cash or cash equivalents. Due to the volatility in the markets, investors remain unwilling to take advantage of an undervalued market.

What is really happening in the economy? The consumer is slowly returning, but we still have a long way to go. The improvements in sentiment and retail sales are just the beginning. Due to the changes in the Mideast, from tyrannical governments to democratic and capitalistic ideas, demands for goods and services over the next two decades could be substantial. Our exports are already reaching new highs.

What we are currently experiencing reminds me of the period in 1995 after President Clinton lost the mid-term election. During that time the growth indices, like the S&P Mid-Cap Index or the NASDAQ Composite, spent the next six months in a volatile, exasperating, scary sideways pattern. In 1995, we experienced a summer rally that took us to new highs. Does history repeat itself? That is the age old question, but I wouldn’t bet against it.


About Riley Wealth

We’re here to help you achieve your financial goals, manage your money, and make your life better. Our firm is not like most other investment advisors. We are an independent advisory firm, with no ties to a large Wall Street firm. You receive advice unblemished by the conflicts of interest that have plagued Wall Street firms. We are free to recommend the best financial products to help you meet your goals. And with no sales quotas, we can devote the time needed to properly research and monitor your investments. You also benefit from our size. As a boutique advisory serving high-net-worth individuals, every relationship is important to us. With no national ad campaigns, we rely on referrals from people in our community to grow our business. You won’t be treated like just another account number, and there is no corporate bureaucracy when you need an answer about your money. Our staff understands that you expect excellent service.
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