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"The Beat Goes On" - Market Commentary - October 2017

Overcoming a brief retreat in the first half of August, the stock market continued its march higher posting solid gains in the third quarter.  Now up 14% and 22% for the year, the S&P 500 and NASDAQ seem to set new highs daily.  The MSCI All-World international index is up 22% year-to-date.  The strong international gains have been a welcome development for Woodmont given our steps in recent years to increase investment exposure to cheaper overseas stocks with appreciated U.S. dollars.  Even the small-cap Russell 2000, which just six weeks ago was essentially flat for the year, is now up 11% year-to-date after a huge bounce on renewed enthusiasm for a successful tax reform bill. 

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“Resilience at its Finest” - Market Commentary - July 2017

In an attempt to convince Parliament to find compromise with the American Colonists, the British Statesman, William Pitt, declared “you cannot conquer America.” Pitt was one of a small faction to appreciate the resilience of Americans at the time. Of course, while he recognized the uniqueness of America, even Sir William probably would have stopped short of forecasting the 241 years of independence we celebrated this week. Similarly, few stock market observers have appreciated the resilience of the now nine-year old U.S. bull market, which just registered its seventh consecutive quarterly gain and is up three-fold from the 2009 bottom.

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Thinking about Retirement? 10 Steps to Take Today

Since the first of the year, Woodmont has worked with a number of clients who are nearing retirement and want a ‘status check’ on their investments and preparation for retirement. In light of these conversations, we wanted to share a few key considerations if you decide to under-take a similar exercise.

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If the Republican majority in the House of Representatives, let alone the Senate, cannot muster the votes to deliver a healthcare alternative to “Obamacare,” how will they ever deliver on highly anticipated items such as corporate tax reform?  The investor consternation resulted in eight consecutive down days for the Dow Jones Industrial Average – the longest streak since 2011 and just one day shy of tying a record that dates back to 1978. This mid-March market retreat was a fairly paltry 2%. Yet, it was a reminder that many investors are anxious about the market outlook if President Trump’s perceived pro-growth agenda looks in jeopardy.

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