“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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While it may be too late for New Year's resolutions for 2017, it is not too late to better manage a financial risk we are all exposed to, cybersecurity. Whether due to the claims of hacking during the Presidential election or the Sony Studios hack of 2015, cyber-security is certainly front page news. While we are certainly not IT experts, cyber security is top of mind at Woodmont as we help clients manage financial risks.

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