Breather
Stocks are still in an uptrend that started in mid-February. While this seven-week rally has been strong, over the longer term stocks are where they were 16 months ago. See chart below.
Market breadth has begun to level off, stocks are butted up against resistance, and commodities have started to roll over. The trend of stocks is up; however, they are at a point where they may need a breather.
Investment Grade Corporate Bond ETF (LQD) is in a low volatility uptrend.
High Yield Municipal Bond Funds are also currently trending up with little volatility.
Treasury ETF (TLT) broke out of a bullish wedge pattern and is now trending higher.
Client Update
Both Aggressive and Conservative accounts are invested in Bond Funds, with about 20% in Cash. Our bond holdings consist of High Yield Municipal Bond Funds, Investment Grade Corporate Bond Fund (LQD), and a Treasury (TLT) holding.
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.