In our most recent Economic and Market Update, released on April 22nd, we’ve identified two “yellow flashing lights” in the economic outlook. One focuses on housing and, the other, the inversion of the yield curve.
While the housing pullback was evident in the report, non-residential investment continued to rise and exports increased. The most recent report of the United States Gross Domestic Product (GDP) numbers clearly showed economic activity shrugged off the concerns on housing showing a year over year growth of 3.2%.
As highlighted in our Economic and Market Update video, the change in communications from the Federal Reserve about the expectations for future interest rates is positive for economic activity. Of course, things can and will change.
White Oaks believe that demographics will play a significant role in the overall growth of the economy and investment markets. The White Oaks team will continue to watch events closely and provide updates related to economics and market updates.
Robert Klosterman, CFP® is Founder of White Oaks Wealth Advisors, Inc., a fee-only wealth management firm, and its predecessor R.J. Klosterman & Co, Inc. Bob has been a Certified Financial Planner licensee since 1989. He has a clear vision for the future having worked in financial planning since 1975, and feels a strong need to provide people with expert and independent wealth advisory services. As a Certified Financial Planner and certificate holder for Family Wealth Advising, Bob’s expertise and guidance have helped to fuel the steady growth of the firm. Today, White Oaks Wealth Advisors boasts a talented staff of advisory professionals, hand-picked for their financial planning and wealth management knowledge as well as their dedication to client service.