LifeSteps Financial Market Update | April 2019

A Look at the Yield Curve

Looking Back at March Thinking that the United States and China might be close to a trade deal caused the market to be relatively quiet in March - until the last week when the yield curve inverted. Essentially, this means shorter term interest rates became higher than longer term rates. This yield curve inversion caused investors to become nervous. As a result, the market dropped on the last day of March.

Looking Ahead to April April began with an upbeat market. Most companies are expecting to report good earnings and government reports indicate a strong economy. China has also posted positive manufacturing numbers. These are all positive indicators and may help the market continue its positive trend.

Our View Our view has not changed from last month. Interest rates have stabilized and may even drop slightly toward the end of the year. As we begin to plan for future market movements, we are integrating some portfolios with additional dividend stocks, such as utilities and/or bonds, when we feel it is necessary. We are keeping our eye on events that may influence the market, like the tariffs and interest rates, as well as the overall housing market. We do feel that eventually the market will soften. This is why it is important that portfolios are balanced. We will continue to closely monitor economic developments as well as global events that affect the market and provide you with regular updates.

If you have any questions, please contact us. ?Regards, Henry Ford LifeSteps Financial

This report is for information purposes only and is not a recommendation for any particular security. Mention of individual securities should not imply that we own the security or have owned it in the past. In addition, the information provided here should not form the basis for investment decisions. Past performance is no guarantee of future results. This information should not be used in any transaction without the advice and guidance of your Tax Professional. LifeSteps Financial has not independently verified, or attested to the accuracy or authenticity of the information, including any investment performance measurement.

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