RFG Advisory - Latest News & Updates

April 3, 2018 RFG Advisory Investment Team Weekly Commentary

by: Investment Team - Rfg Advisory Group .
published: April, 03rd 2018

Market Update 4.2.2018

The S&P 500 reached correction territory yesterday versus a January 26 high, with a total market pullback of 2.23%. Monday’s performance was driven largely by new information related to previous storylines surrounding technology sector weakness and the increased probability of a trade war.

While most people enjoyed a relaxing holiday weekend, the markets reflected on trade developments from China and new regulatory rhetoric surrounding the technology industry. First, China announced three billion dollars of tariffs on United States exports including 25% tariffs on American pork and eight other goods, along with 15% tariffs on fruit and 120 types of commodities. These measures were designed to be a tit for tat response to the Trump administration’s previously announced steel and aluminum tariffs. The relative size of these measures in comparison to the 22 billion dollars in agriculture exports to China last year according to the U.S. Department of Agriculture, supports this conclusion. In addition, several headlines over the weekend from Tesla (including a poorly timed April Fool’s joke) and Amazon (questions over whether the postal service should charge them more) drove continued weakness in the technology sector, with Amazon selling off 5.21%, Facebook down 2.75%, and Tesla losing 5.13%. All of these firms could undergo increased regulatory scrutiny which has caused investors to reevaluate their forecasted growth trajectories.

These narratives are challenging the fundamental driver behind the current bull market: growth. An increased probability of a trade war has implications across industries as most companies have reaped the benefits of open-markets. The fact that China has responded with retaliatory measures indicates, not unexpectedly, that they will take a more combative approach to trade negotiations than other countries. Despite Chinese leadership indicating that they would not like further escalation, their actions leave the possibility for more tariffs before a resolution. Combine this uncertainty with the regulatory environment where the President singled out Amazon for tax evasion and conduct detrimental to small business, and it presents a headwind for the market.

Despite this noise within the marketplace, underlying economic data remains strong and we are rolling into first quarter earnings season which we also expect to be positive. March auto sales numbers this morning were well above expectations, and we have yet to see any real “earnings” headwinds out of either trade or regulatory issues. As a result, we remain comfortable with our current Steadfast models positioning. We are evaluating some repositioning within our income sleeve and will keep you posted as that process develops.


Rick Wedell is not affiliated with LPL Financial.
Advisory Services offered through RFG Advisory Group, LLC, a registered investment advisor.
Because of their narrow focus, sector investing will be subject to greater volatility than investing more broadly across many sectors and companies. The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies in place will be successful.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
All performance referenced is historical and is no guarantee of future results. No strategy assures success or protects against loss. Investing involves risk including loss of principal.

Dany L. Martin of Williams Financial Advisors and RFG Advisory was named a "318 Forum Magazine's" top 40 under 40 recipient for 2018

Market Commentary October 31, 2018

Birmingham Business Journal features San Francisco Advisor, Lee Crocker following his move to join RFG Advisory.

RFG Advisory Welcomes San Francisco Advisor, Lee Crocker of Landscape Wealth Advisors to its growing platform of Independent Financial Advisors.

Market Commentary October 25, 2018

How to write a college essay

RFG Advisory President, Shannon Spotswood, had the honor of being a guest speaker of GirlSpring’s “Wonder Women” series where she inspired our future female leaders.

Rick Wedell, CIO of RFG Advisory, returns to TD Ameritrade Network to chat with host Oliver Renick about market outlook and economic growth.

Earlier this month, Shannon Spotswood, president of RFG Advisory, was one of the 66 financial professionals featured in the Birmingham Business Journal’s “Who’s Who in Birmingham Banking and Finance” roundup.

A fresh prospective, RFG Advisory updates the company logo to reflect changes and growth

Weekly Economic Update - July 23, 2018

Rick Wedell, CIO of RFG Advisory, joins the market panel on CNBC "Closing Bell" to chat about economic headlines and why the financials sector might be lagging.

Weekly Economic Update - July 16, 2018

Reporter Debbie Carlson of ETF.com quotes Rick Wedell, CIO of RFG Advisory, in an article about emerging market exchange traded funds, and strategies that financial advisors can use to offset asset allocation surrounding China. "The downside of using equa

Rick Wedell, CIO of RFG Advisory, appears on Cheddar TV to discuss market performance for the day and provide his performance outlook for the third quarter.

Bobby White, Founder and CEO of RFG Advisory discusses what holds us back from change

Garrett Keyes of Financial Advisor IQ features Bobby White, CEO and founder of RFG Advisory in an article detailing the firm's latest business decision to change broker-dealers.

Toby Salinger from Financial Planning interviews Bobby White, chairman and CEO of RFG Advisory, about the firm's broker-dealer change that is aligned with their level of growth and embraces the hybrid model. "We feel that our potential is unlimited at thi

WealthManagment.com highlights RFG Advisory news of the firm's broker-dealer change in the outlet's daily brief. The decision comes in order to expand service offers to its 38 independent advisors.

RFG Advisory is featured in InvestmentNews for the firm's recent broker-dealer change to propel its growth. The article highlights that this change, "Will allow us to streamline our process for client and operational support," according to the release.

RFG Advisory Repositions with RIA-Friendly Broker-Dealer to Support Growth Goals

Renee Morad from Forbes features Shannon Spotswood, president of RFG Advisory, in an article detailing how her creative break from the financial space prepared her for her current C-Suite role.

Michael Foster of Kiplinger includes Rick Wedell, CIO of RFG Advisory, in his article discussing funds that can provide income during a volatile market.

Shannon Spotswood, president of RFG Advisory, is featured in Jamie Green's ThinkAdvisor article about how the firm is disrupting the RIA space and leveraging technology.

Forbes reporter JJ Kinahan includes insight from Rick Wedell, CIO at RFG Advisory, which he discussed during a previous TD Ameritrade Network appearance.