Dear Friends,


Market volatility is picking up sharply as traders react to headlines about the Senate tax bill, and to General Flynn pleading guilty to lying to the FBI and the prospect of him admitting to discussing Russia with the Trump transition team. This is a classic example of the market selling off as uncertainty increases.


One of the hallmarks of this market has been its disinterest in news flow. Missiles, central bankers, economic reports, political battles, and even mass murder have been ignored. In the last few days, this has been changing, as the indices have danced to tax policy headlines. However, the news that is hitting today is seeing the strongest reaction we have had all year.


Quoting Warren Buffett:

"The future is never clear; you pay a very high price in the stock market for a cheery consensus. Uncertainty actually is the friend of the buyer of long-term values."


Feel free to call (916-405-9140), email (, or Tweet (@twrpointwealth) us to further discuss any questions or concerns you may have. We are here for you and welcome addressing any concerns or questions you may have.


- Joseph and the Towerpoint Wealth team

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