Once again, the end of summer is coinciding with an increase in market volatility.
We have a combination of issues causing concern as summer ends this week:
- China concerns over a debt default from one of its largest real estate companies.
- Slower than expected economic data.
- Another fight over raising the debt ceiling.
- The potential for tax hikes
- Fed tapering
Last week was an ugly week and the start to this week is off to an even worse start due to the concerns mentioned above. We will of course be monitoring the above and will let you know our thoughts as we navigate this volatile environment.
Thanks, and enjoy your week,
Dennis P. Barba, Jr.
President & Managing Partner
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