14 May May 14th 2019 Market Comment
The market’s reaction to increasing trade tariffs with China has been understandably negative. The economy has been showing signs of slowing and if this continues to drag on it will likely only amplify the slowdown. Today’s rally after yesterday’s meltdown is not in my opinion an indication that everything is ok. We will continue a strategy of selectively adding to only the best businesses when the price is right and maintaining a healthy cash/T-bill position in the meantime. My favorite stocks on further declines are Berkshire Hathaway, Google and J.P. Morgan.
Please call with any questions or concerns and I hope everyone’s summer is off to a good start. Below is a family picture from this weekend’s music festival at Cowboy Stadium.