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…

Quarterly Client Letter – Q3 2021

November 12, 2021By Phil Clark, CPWA®,CFP®, CLU®

In this quarter’s letter, I keep thinking about the difference between familiar and normal. In so many areas of our lives, the normal has given way to the familiar. What was once not normal has become familiar, ie. wearing masks, schools and restaurants closing, hand-washing stations. Also, the opposite is true that what was once normal Read the full article…