August 2019 Market Update

The U.S. – China trade dispute has developed into something akin to a bad cold- lingering and remediless.
The folks at Statista, a statistics database, put together a great chart illustrating the key dates of tariffs imposed since 2018. We looked at how markets behaved around those announcement dates, which we summarized in the chart below:

It illustrates that the past few days have been fairly consistent with behavior around other tariff announcements. We should note, the August/September 2018 decline was likely exacerbated by monetary policy comments made by the Federal Reserve.

Thus far, these setbacks have been relatively temporary with the market boasting positive returns over the period. For most investors, normal market fluctuations shouldn’t be a catalyst for change in investment approach, unless of course there has been a change to your financial situation or investment objectives.

Disclosure: Marshall Financial Group, Inc (“Marshall Financial”) is an SEC-registered investment adviser with its principal place of business in Doylestown, Pennsylvania.   This newsletter is limited to the dissemination of general information pertaining to Marshall Financial Group’s investment advisory services.  Investing involves risk, including risk of loss.

This newsletter contains certain forward‐looking statements (which may be signaled by words such as “believe,” “expect” or “anticipate”) which indicate future possibilities. Due to known and unknown risks, other uncertainties and factors, actual results may differ materially from the expectations portrayed in such forward‐looking statements. As such, there is no guarantee that the views and opinions expressed in this letter will come to pass.

For additional information about Marshall Financial, please request our disclosure brochure as set forth on Form ADV using the contact information set forth herein, or refer to the Investment Adviser Public Disclosure web site (www.adviserinfo.sec.gov).  Please read the disclosure statement carefully.