The Bottom Line
Bias:
- The stock market is in an uptrend on both a short and long-term basis.
- While the summer months are typically bad for stocks and sentiment is currently negative, the weight of the evidence is Bullish for the stock market.
Client Update
Client accounts are fully invested.
In last week’s newsletter, I wrote:
Stocks broke out to the upside this past week and are now at all-time highs. I know I keep saying this, but the market continues to display bullish characteristics. 
Currently stock market risk, in my opinion, is low thus I believe now is the time to be fully invested with allocations to equities that match our risk tolerance. As conditions change, so will the amount of risk that we take in our client accounts. Our goal is always to manage risk for our clients so that they don’t have to worry about the major losses that can occur during major stock market corrections
On a Personal Note
It is an exciting time for the Thompson clan. We decided to move to Lafayette, Louisiana to be closer to my family. This was a huge decision for us since Angie has lived in San Diego all her life, and I have been here for over 30 years. We both love San Diego, but feel that since my parents are getting up there in age, we need to take this opportunity to maximize our quality time with them. While we may not stay there forever, we are committing to being there until Aidan gets out of high school which is 7 years away.
We are currently doing a “stay-cation” at the Hilton here in San Diego since our furniture will take a week and a half to be delivered. We fly out Thursday, at which time we will be official Cajuns.
If you have any questions, please feel free to contact me.
Craig Thompson, ChFC
Email: [email protected]
Phone: 619-709-0066
About Asset Solutions
Asset Solutions Advisory Services, Inc. is a Fee-Only Registered Investment Advisor specializing in helping the needs of retirees, those nearing retirement, and other investors with similar investment goals.
We are an “active” money manager that looks to generate steady long-term returns, while protecting clients from large losses during major market corrections.
Asset Solutions is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.