Watch the video of Steve’s reading by clicking on the following link https://youtu.be/z7yicj_QKJQ or the image above.
“State of the Union”
by Steve Wolff
Certified Financial Poet
The U.S. economy has recently awoke,
It’s not just a matter of mirrors and smoke.
Unemployment is now at a mere 3.8,
That’s a low percent one can’t berate.
Inflation is on a slight upward trend,
Which means interest rates will likely ascend
But rates are still historically low,
So unless they go skyrocketing, the economy should grow.
In the last 18 months, the market’s a beast
While jobless claims have been decreased
Taxes are down, regulations erased
economic good news is really broad based
Of course there are always issues to fear
This time it’s a trade war that might be near
Or the country’s differences with politics
Or a 20 trillion dollar debt that can’t be fixed
But one thing I know is always true
No matter what it is, your particular view,
There’s a saying that’s been uttered by many a sage,
That markets don’t die just from old age
It’s death will come when the numbers say so
When that will happen, we really don’t know
Why it will happen is right now a mystery
We’ll only know why through the lens of history
We’ll keep our eyes peeled for what might go wrong
When the market might sing like a sad country song
But at present our bias is slightly upbeat
For now we’re ok with the corporate balance sheet
Steve Wolff is a Managing Partner at WWM Financial in Carlsbad California. Steve can be reached at 760-692-5190 or Steve@WWMFinancial.com.