Market Commentary

Recently, the rhetoric and maneuvering regarding international trade between the United States and China has ratcheted up dramatically. Additional tariffs are threatened by the U.S. and China responds with actions that prohibit certain imports. These actions are affecting currency, stock and bond markets around the globe. Concerns are growing that global growth will slow to a recession due to the trade war. 
Less equity exposure? More bonds? The safety of money market funds? We will continue to watch the market action for signs that our invested positions should be adjusted.