Denali Wealth Management

2019 Q2 Market Commentary

General Market Commentary as of June 30, 2019

The stock and bond markets are displaying a dichotomy of outcomes for the remaining months of 2019. Falling bond yields and an inverted yield curve appears to be signaling slower economic growth. On the other hand, strong equity gains in the US and many emerging markets suggest hopes for earnings acceleration later in the year.

Positive economic growth, low inflation, and accommodative monetary policies should support financial asset prices in the second half of 2019. For bond investors, slow but positive economic growth, limited inflationary pressures and friendly central banks should create a supportive environment for them as well for the balance of 2019.

That being said, for most investors, keeping a disciplined long-term perspective is the best policy to follow. This is no time to try and out smart the markets, but it is a good time to be diversified.

Market Recap

Tot Return3-MO*12-MO*3-Year*5-Year*Closing Value
S&P 5003.79%8.22%11.91%8.46%2,941.76
Dow Jones Industrial Average2.59%9.59%14.05%9.59%26,599.96
NASDAQ Composite3.58%6.60%18.24%12.68%8,006.24

Source: Morningstar. The S&P 500, Dow Jones Industrial Average, and NASDAQ Composite are unmanaged indexes. It is not possible to invest in an index. Past performance is no guarantee of future results. * Price only. Does not include dividends.

All overviews and commentary are intended to be general in nature and for current interest, educational purposes and factual reference only and are subject to change based on market and other conditions.

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