Author: Tim Courtney
Thank you to all who participated in Exencial’s first teleconference of 2019. These webinars are part of our commitment to keeping clients updated on the key market and economic factors driving our investment decisions.
In this session, Chief Investment Officer Tim Courtney discussed how the trade dispute with China and the U.S. government shutdown have contributed to recent market volatility. He also explained how, in the unlikely event of a recession in 2019, much of the price and earnings decline is likely already factored into markets. Lastly, he highlighted the positive economic indicators we continue to see in the market today: consumer household strength continues into 2019, wage growth has accelerated and consumer confidence and spending remain high.
Additionally, Senior Analyst/SELECT portfolio manager Rich Erwin discussed the advantages of owning individual stocks and examined the characteristics Exencial looks for when selecting companies to include in client portfolios. These include a strong record of proven success, a healthy balance sheet and shareholder-friendly management, among others. Finally, Investment Analyst/SELECT portfolio manager David Yepez discussed two promising areas of investment opportunity in 2019: autonomous vehicles and consumer genomics.
If you have any questions about recent market activity or your investment strategy, please consult your Exencial advisor. In case you missed the webinar, tune in here to access the recorded version.
PAST PERFORMANCE IS NOT AN INDICATION OF FUTURE RETURNS. Information and opinions provided herein reflect the views of the author as of the publication date of this article. Such views and opinions are subject to change at any point and without notice. Some of the information provided herein was obtained from third-party sources believed to be reliable but such information is not guaranteed to be accurate. In addition, the links provided within are for convenience only and the provision of the links does not imply any sponsorship, endorsement, or approval of any of the content. We do not guarantee the content or its accuracy and completeness. The content is being provided for informational purposes only, and nothing within is, or is intended to constitute, investment, tax, or legal advice or a recommendation to buy or sell any types of securities or investments. The author has not taken into account the investment objectives, financial situation, or particular needs of any individual investor. Any forward-looking statements or forecasts are based on assumptions only, and actual results are expected to vary from any such statements or forecasts. No reliance should be placed on any such statements or forecasts when making any investment decision. Any assumptions and projections displayed are estimates, hypothetical in nature, and meant to serve solely as a guideline. No investment decision should be made based solely on any information provided herein and the author is not responsible for the consequences of any decisions or actions taken as a result of information provided in this book. There is a risk of loss from an investment in securities, including the risk of total loss of principal, which an investor will need to be prepared to bear. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be profitable or suitable for a particular investor’s financial situation or risk tolerance. Exencial Wealth Advisors, LLC (“EWA”) is an investment adviser registered with the Securities & Exchange Commission (SEC). However, such registration does not imply a certain level of skill or training and no inference to the contrary should be made. EWA may only transact business in those states in which it is registered, notice filed, or qualifies for an exemption or exclusion from registration or notice filing requirements. Complete information about our services and fees is contained in our Form ADV Part 2A (Disclosure Brochure), a copy of which can be obtained at www.adviserinfo.sec.gov or by calling us at 888-478-1971.