As you may have heard, Chladek Wealth Management is relocating to a new office in a couple weeks.  With that said, I will not be writing a commentary the next two weekends as I’ll be busy preparing for the move, as well as spending time with family over the Christmas weekend.  I say this now, but if we do see a surprise rise or fall in the markets, I will put some thoughts together on the fly.  Now on to this past week’s very short commentary.

Although red is widely connected with this time of year for those that celebrate Christmas, it is not what we want to see from global markets.  This past week served up some stiff drops on a loss of confidence in Europe’s grasp of their banking solvency crisis.

However, we are starting to see some better economic data coming out of the U.S.  The going concern at this point is that we have seen this improving economy story play out two years running now.  The caution going into year-end is the fear that we get some slightly better economic data (all of which is backward looking), only to have a shock wave run through the markets shortly after the New Year arrives.  It wouldn’t surprise me to see a repeat of last year’s start which consisted of big swings up and down in the markets thanks to the ongoing dysfunction in Europe.  I’m going into this year-end cautiously optimistic that constructive efforts take place in addressing THE headwind on the market – Europe.  Here’s to 2012!

Merry Christmas!

Do you have an investment strategy that seeks to protect your portfolio against volatile economic conditions?  Call me to schedule a free review of your current investment portfolio – 913.693.7918.

John P. Chladek, MBA, CFP® is the President of Chladek Wealth Management, LLC, a fee-only financial planning and investment management firm specializing in helping families and couples who are not yet retired realize their financial goals.  For more information, visit

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