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Trump/Trade and Economic News

Yesterday, POTUS Trump spoke at Economic Club of New York.  I watched the speech and Q&A.  I actually thought that, apart from the personal plugs and self-praise, the speech was one of the best I have heard from POTUS Trump who was speaking to his own audience……

Trump denies his trade policies are hurting the US economy

Trump credited his tough trade policies with helping boost the US economic growth.

He stated, “the cost of doing nothing was killing us as a country”.  Click the link to read a summary of his speech written by Doug Palmer for Politico – https://www.politico.com/news/2019/11/12/trump-trade-policies-economy-hurt-070113

Economic News – UK Employment falls by 58,000

Data has been released from the Office for National Statistics stating that the number of people in employment in Britain fell by 58,000 in the 3 months to September 2019 – the steepest quarterly decline since 2015.

UK wage growth slows as unemployment falls.  Furthermore, average earnings (excluding bonuses) increased by 3.6%, compared with 3.8% growth the previous month.

Inflation falls to near 3-year low with energy price cap

Click the link to read the full article written for Sky news – https://apple.news/AkoWkz7GNRBmVHn2xlVaUMw

The Consumer Prices Index (CPI) was at 1.5% in October – compared to 1.7% the previous month, according to the Office for National Statistics (ONS).

This data is a snapshot in time, but could a general weakening of the economic picture be unfolding or is it that the political uncertainty has impacted business investment?

Read the BBC News article by clicking on the link – https://www.bbc.co.uk/news/business-50388220

Politics and uncertainty …….

It is clear that investment markets don’t like uncertainty so, with so much discord, it’s surprising that investment markets have remained relatively robust …

We are living in strange times but a solution and resolution to the issue of Brexit and Trade could produce an outcome of euphoria – leading to a strong turn in sentiment, which in turn could deliver strong investment outcomes…?  I wish my crystal ball didn’t break when I dropped it!  (I know of many others who wish they could forecast the future at this point…)

The last trading months of the year are historically good for investment markets (forgetting 2018!) so the background for investing is certainly ‘mixed’ at this point.

Our view is that investors must focus on their goals and risk tolerance and capacity, so to stay on track.

As I state to our investment clients always, if you wish to change your goals based upon a new risk outlook you must communicate the position so an adjustment can be made accordingly.

If the facts change – make changes ….

If you would like to review your investment structure and views, simply get in touch.

Warmest Regards.

Richard and the Best Price FS Team