Global Investment Outlook and Strategy
May 8, 2018
Investors continue to grapple with a number of issues that could negatively impact economic growth and corporate earnings, most notably rising inflationary pressures and protectionist trade policies. As a result, broad U.S. equity indices traded in a progressively tighter price range in April, forming a discernable triangle pattern post a year-to-date high in late January. Ultimately, improving corporate earnings and solid underlying economic performance should propel U.S. stocks higher over the intermediate term. Interest rates rose during April and the yield curve flattened as economic strength and less bond purchases by the Federal Reserve combined to put upwards pressure on interest rates. We expect this very low interest rate market environment to finally be coming to an end. Investors are increasingly anxious that rising inflation will motivate the Federal Reserve (Fed) to tighten monetary policy at an accelerated pace, thereby dampening the economic expansion. Although an overly aggressive Fed could certainly continue to raise rates to the point of curbing economic growth, we do not see evidence of recession within the next 18 to 24 months.
For more details, including a longer discussion on President Trump and tariffs, please see Sit Investment Associates’ April 2018 Global Investment Outlook and Strategy paper. Click here: Global Outlook and Strategy (Adobe Acrobat) or e-mail us at: email@example.com.
MMAF Has Awarded Over 16,500 Grants
Since its inception in 2005, Minnesotan’s Military Appreciation Fund (MMAF) has awarded over 16,500 grants totaling over $10.5 million to Minnesota military personnel and their families. MMAF is a non-partisan, non-political 501(c)(3) non-profit corporation. It is a statewide fundraising initiative by the citizens of Minnesota. Its mission is to say “thanks” to Minnesota service members and their families by providing cash grants to those who are making sacrifices in the defense of our freedoms in combat zones around the world.
The tragedy of 9/11 compelled the late Eugene C. Sit, founder of Sit Investment Associates Inc., to create MMAF in order to thank and give back to Minnesota service members. Sit Investment Associates Inc. continues to support the efforts of MMAF.
To donate and learn more about Minnesotans’ Military Appreciation Fund, please visit the website at www.thankmntroops.org.