Economic growth in the U.S. remains strong despite a gradual slowdown. The delayed release of the fourth-quarter gross domestic product (GDP) showed that growth had moderated from 3.4% in the third quarter to a still abovetrend pace of 2.6% in the final quarter of 2018. This brings the annual growth rate for the U.S. in 2018 to 2.9%, just shy of the 3.0% targeted by the Trump administration. In Europe, data continues to point to a weakening economy. The European commission reduced its 2019 growth projection to 1.3% from 2018’s 1.9%. In addition, Brexit uncertainty continues to weigh on business sentiment as the March 29 deadline to leave the European Union (EU) draws closer with no finalized deal in sight. Challenges continue to persist for emerging markets as well. China set lower GDP targets of 6%-6.5% as trade wars hit home. To combat a slowing economy, Chinese policymakers are implementing a mix of fiscal and monetary measures to support growth.

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Investment Advisory Services are offered through SHP Wealth Management LLC., an SEC registered investment advisor. Insurance sales are offered through SHP Financial, LLC. These are separate entities, Matthew Chapman Peck, CFP®, CIMA®, Derek Louis Gregoire, and Keith Winslow Ellis Jr. are independent licensed insurance agents, and Owners/Partners of an insurance agency, SHP Financial, LLC.. In addition, other supervised persons of SHP Wealth Management, LLC. are independent licensed insurance agents of SHP Financial, LLC. No statements made shall constitute tax, legal or accounting advice. You should consult your own legal or tax professional before investing. Both SHP Wealth Management, LLC. and SHP Financial, LLC. will offer clients advice and/or products from each entity. No client is under any obligation to purchase any insurance product.

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