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    May 2019 Market Update

    May market commentary; May 10, 2019

    The recent week has certainly seen the return of volatility. After a 4-month absence, the market has reminded us all that it can and will go down at times.

    Therefore, here is the tail of the tape: Markets were over-bought in our opinion, therefore due for a significant pull back. The U.S. – China trade negotiations break down was the headline that was needed to trigger the pullback. Yet at the writing of this, the S&P 500 was -2.5% on the week, hardly a shocking pullback at this point.

    Overall, our interpretation of economic and market data remains mixed. In our opinion market sentiment is positive, the Federal Reserve remains neutral, while overall valuations and economic activity are negative.

    This is a quote from our full commentary report:

    Once again, we find ourselves observing the unforeseen. It is a reminder that we don’t know what is going to happen in the future. All we can rely on is a disciplined process that is prepared for handling whatever comes our way. This is why we follow a disciplined, four-pronged framework for dealing with markets. Now, whether the tariff increases actually occur and Chinese trade negotiations crumble, or if markets respond with panic, we will have to wait and see. However, the stage is set for some more fireworks with a huge short position in volatility. Let’s just say if volatility spikes, these short positions could start covering and a positive feedback in volatility could result (negative feedback loop in equities). Things could get interesting.

    Read the full report from our team.

    As always, we appreciate your trust and confidence in us and the relationship that we have with you our clients and friends.

    Chris

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    Purpose Partner Update – But God Ministries

    Wow! What an amazing time we had last week for the Food for Life – Malnutrition Center fundraiser! Weeks and weeks of preparation. Multiple states involved. But, per usual, God showed up and showed out. The goal for the evening was $127,000. That’s the amount that is required to operate Pen Lavi for one year. The funds are still being tallied but so far over $150,000 (net) was raised during this incredible event. And 100% of these funds will go directly to the Malnutrition Center.

    We encourage you to find But God Ministries on Facebook or check out their website at www.butgodministries.com.

    It was truly a blessing for Sound Financial to be involved. Please consider BGM as part of your generous living plan.

    While we do not raise funds for But God Ministries, they are one of our purpose partners, and we want to share the good works in which they are involved.

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