Hello, my name is Chad Taylor, managing partner with MDT Financial Advisors here at Houston, Texas. Today is a Friday, June the sixth, 2024, and it's been a little bit since I've done a video. I recorded quite a few of 'em back in March and April when the markets were a little challenging to say the least. We had that right at 20% pullback on the stock market, so it was quite challenging and I had recorded quite a few video, wanted to get back on and record what's been going on here the last month or so starting here in June and we've had some change in our family for those that I've spoken to about it here in May. Our daughter Madison has been a ballet dancer with Cincinnati Ballet and has decided to hang up her point shoes and move back to Texas and is actually going to attend college in person.

She's been doing college online the last two years since she graduated from high school, but go back to college in person at Texas a and m and those of that's where I went to school as well as did my father. So she's a third generation Aggie. Don't hold it against this if you're not an Aggie fan, but we're excited to have her back in Texas and closer for, but we drove. I hate to drive, but we drove 16 hours in a U-Haul bringing all her stuff back from Cincinnati, so that was quite fun and I complained the whole way I think. But what's been going on with the markets, things are better than they were the last time I recorded a video. If you remember back in March that started down kind of early March all the way till about mid April, it really revolved around the tariffs issue and once they put the tariffs on delay for 90 days, the markets rallied back and it's really not just the tariffs, it's what did the tariffs do to the economy, and that's what the markets usually, if there's uncertainty, which there was a lot of or is there a lot of markets hate uncertainty.

And usually when you have changes and there's a lot of uncertainty, it goes to the worst case scenario. And so that's what happens. The market sold off quite a bit. They delay the tariffs. The market started rallying and now we're kind of getting back where right now as we record this, depending on which one you're looking at, the Dow, the s and p or the nasdaq, they're kind of flat to up just a little bit to being down just a little bit. Today's a good day on the markets we had. The jobs numbers came out today, which were a little bit better than anticipated, and so the markets are rallying. That just kind of gives credence to maybe there won't be a recession later this year is what is showing that the economy is doing okay right now and a little stronger than maybe anticipated at this point, which is good if there's a recession, markets are going to react to that usually negatively.

If there's no recession, maybe what we had in March and April were the bad part of this year and we won't go back and retest those. I think we're still not quite sure yet and still a little bit to be seen which scenario plays out. And so it's kind of always the same thing. I've had a few strategy and review meetings this week, and I always remind people that if you're too aggressive now may be a good time to rebalance and maybe change your strategy again, if the portfolio's still allocated for your plan, not making any changes may be the best thing to do. Or if you have a big cash need coming up, maybe taking advantage of the market's rally here, the last month or so is the right thing to do. So if you have any questions, let me know, let's talk about it. But I just wanted to get on and do a real quick video and I hope everyone's having a great start to the summer. Have a great day. Thank you.