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September 2, 2016 | US Jobs Need a Lift!

Adrian Mastracci

Adrian Mastracci, Discretionary Portfolio Manager, B.E.E., MBA. My expertise in the investment and financial advisory profession began in 1972. I graduated with the Bachelor of Electrical Engineering from General Motors Institute in 1971. I then attended the University of British Columbia, graduating with the MBA in 1972. I have attained the “Discretionary Portfolio Manager” professional designation. I am committed to offering clients the highest standard of personal service by providing prompt, courteous and professional attention. My advice is objective, unbiased and without conflicts of interest. I’m part of a team that delivers comprehensive services and best value in managing client wealth.

By Adrian Mastracci , discretionary portfolio manager at KCM Wealth.

US headlines for August 2016 are flashing another miss to 151,000 jobs.
A continuing picture of weaker growth, still short of expectations.

The takeaway is that the recent data is heading the wrong way.
The new reality is that 6 month job averages only cover US population growth.

Tepid jobs together with slower GDP are a less than desirable combination.
This scenario can accelerate the economy stalling.

A resumption towards the 250,000 plus level would be a welcome change in outlook.
Job averages need to remain strong for interest rates to rise from today’s levels.

Don’t over react.
Don’ sit on your hands either.

I suggest a total portfolio review.
Be sure about your equity/bond mix.

You may have to increase the cash component.
Factor in more volatility around the curve.

It’s best to always be aware of the big picture.
Keep tabs on how your goals fit the bumpy road ahead.

Let’s not mince words.
US jobs are a mixed bag in need of a lift.

Best
Adrian

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September 2nd, 2016

Posted In: Adrian Mastracci Blog

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