Market Volatility Is Back!
Over the last few weeks the daily increase or decrease in stock market value has been larger than in the recent past; however these daily movements are much more in line with historical trends. This type of volatility is quite typical, and is to be expected. It's easy to jump to conclusions on why this is happening, and what the future might hold -- just watch financial shows on cable TV to see what I mean! Yes, some inputs are somewhat different than what they were a few months ago. However, while a few things have changed, what we're currently seeing is simply a return to typical market volatility.
The chart below shows daily market volatility as measured by the VIX index. While we recently had a one day spike, in general we are simply "returning to normal" after a period of unusually low volatility.
The recent 10% drop in the market (and the current rebound) does not tell us anything substantive about how the markets will ultimately play out in 2018. The chart below shows the worst market drop in each year since 1980, and the return investors eventually received in that same year.
Bottom line: a little turbulence doesn’t bother us. We focus our attention on bigger issues such as asset allocation, market valuations, and managing overall portfolio expenses.
We're running a marathon, not a 40-yard dash.
2018 Annual Client Workshop
By now, you should have received your email invitation to our Annual Client Workshop. Thank you to those of you who have already RSVP'd. If you missed your invitation, not to worry. Simply click on the button above to reserve your spot!
As a reminder, we are changing the format and location of our workshop to make the event more accessible for our clients, who are spread across the greater Puget Sound area.
We will be hosting two identical events, one in Olympia, and the other in Seattle. These events are a great opportunity to connect with the SVA team. Among other topics, we'll be discussing the economy, financial markets, and the new tax law. One more thing to know: these events will take place in the evening, beginning at 6:00 PM instead of the morning as they have in the past.
Wednesday, March 21 - Olympia
Thursday, March 22 - Seattle
Here at SoundView Advisors, each and every one of our employees plays a vital role.
Hayley Clements is no different. Hayley is one of our newer Support Advisors, which, from as far as we can tell, means she does most of Kevin Slater's work for him! She has been with SoundView Advisors for over six months, and we figured it was time for you to get to know her a little more!
NAME: Hayley Clements
ROLE: Wife (to Lucas), cat-mom to Margot, and when there's time, a trusted Support Advisor.
What skill would you like to learn?
I would love to learn how to scuba dive. That may be more of a hobby than skill, but I would love to get over my discomfort with open water swimming, and maybe make friends with a Great White, or two?
What's the craziest thing you've ever done?
I once caught a man breaking into my car at a Seattle park. I chased him down and got my belongings back. Needless to say, he was quite embarrassed by the scene I was making. As we parted ways I told him “People love you -- you're better than this!” I’m sure that reminder has stopped him from further prowling.
What's your favorite quote?
“You can tell how smart people are by what they laugh at.” - Tina Fey
What is the most important thing in your life?
I really want to say family but if I’m honest, it may be food. So let’s say feasting with my family!
If you had to choose, what would be your last meal?
Well, since food is such an important factor in my life this questions feels a little heavy. I think I’d go with a waffle bar breakfast complete with eggs benedict.
What is your dream vacation?
A month chasing down all my ancestral towns throughout Germany and Denmark.
If you could be any animal, what would you be?
Easy. Dolphin. From the moment I found out they were in fact mammals.
What's your favorite part about working for SoundView?
The commute to downtown Seattle! Just kidding! Honestly, I love how much I learn from the clients in our meetings. My clients come from incredibly diverse backgrounds and it’s interesting to learn about their lives, their experiences, and the work they do now. I’ve learned about heli-skiing, Liverpool in the 1960s, and how to make the best home-made bone broth. Now that I think of it, a few financial details may have been discussed, as well.