• Market swings are getting bigger as investor worries about trade gain ground. • Although we expect a trade agreement between China and the U.S. to materialize, the heated rhetoric has increased in recent weeks.
• Outside of trade, the U.S. economy remains stable, second quarter earnings have exceeded expectations, and the Federal Reserve has taken a dovish stance.
• For these reasons, it is important to perform portfolio maintenance. We outline a five-step approach to reduce portfolio risk.