KROST Wealth Quarterly Client Letter Q1 2024

May 7, 2024By Phil Clark, CPWA®,CFP®, CLU®

Despite widespread calls for an impending recession in 2023, one was averted because traditional leading economic indicators did not properly forecast the post-COVID-19 economy. The COVID-19 pandemic bore no relation to a traditional business cycle but instead mimicked a wartime economy due to significant fiscal spending, massive supply chain disruptions, labor market dislocations, and excess Read the full article…

Quarterly Client Letter – Q2 2023

August 2, 2023By Phil Clark, CPWA®,CFP®, CLU®

Referring back to my end-of-year letter, here are a few key points I went over. Equity markets have historically reacted to a recession BEFORE it starts. Back-to-back down years are rare. This should be taken as an opportunity. YTD Performance: SP500:                                     +16.89% Technology:                            +42.77 Industrials:                              +10.19 Consumer Discretionary:        +33.06% The market has seen significant Read the full article…

Quarterly Client Letter – Q4 2022

March 17, 2023By Phil Clark, CPWA®,CFP®, CLU®

Regarding Bear Markets and Recessions I realize that these times are scary. Volatility in the markets is inherently difficult, both on the portfolio and emotional cycle of investors. Recessionary fears are a common party conversation with discussions and debates over Federal Reserve interest rate changes, timetables, inflation, labor participation rates, and unemployment rates. Even, as Read the full article…