Quote of the Day and This Week's Message

Bloomberg Market's Kyoungwha Kim's view of present market and economic conditions is right in line with our present assessment. 

"Reported earnings are still strong, but sentiment is being hit by softer guidance as corporate executives fret over trade wars and rising interest rates. With more results due this week, that's likely to spur more volatility and further stock losses. Nevertheless, the S&P 500 remains well above the uptrend line from 2009's trough. We are still nowhere near levels that would indicate an end to that bull market. That should stay the case as long as America's economy remains robust and with it the jobs market."

I.e., the near-term is rife with headwinds, yet, as long as odds favor continued economic expansion, long-term patient investors should be content to simply wait out the volatility: