June Market Commentary

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  PDS Planning has always been a strong advocate of global diversification.  Some investors and economists began to question this philosophy when U.S. stocks outperformed virtually everything from 2013-2016.  Some even argued that you get global diversification with U.S. stocks, since their revenues are generated all over the world.  Coca-Cola, for example, is a large… Read more »






May Market Commentary

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  More uncertainty, more growth, more record highs and more risk: the reigning market theme today seemingly is one of quantity – more of virtually everything, as recently suggested by Goldman Sachs. “Investors in recent months have faced a blitz of new U.S. policy initiatives whose contours are largely unknown but reflect the power of… Read more »






April Market Commentary

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“Interest rates are rising! It’s time to abandon your bonds!”  This has been the popular commentary from many media outlets over the past few months.  Yes, Janet Yellen and the Federal Reserve increased the Fed Funds rate by a whopping 0.25% on December 14, 2016 and by another 0.25% on March 15, 2017.  This now… Read more »






March Market Commentary

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Last month we noted the average 2017 year-end target for the S&P 500, as predicted by 16 major investment banks, is 2353. Expectations were, on average, very tame.  As we write this letter today, the index is at 2400…so much for expert predictions.  And who thought we would have double-digit gains in the four months… Read more »






February Market Commentary

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  “What are the markets going to do in 2017?”  That is the most frequent question we have been getting from our clients over the last few weeks.  And clients know our stock answers are we don’t know, we have no accurate crystal ball, and virtually all “experts” get these things wrong most of the… Read more »