Today’s newsletter is abbreviated due to my attending this week’s National Association of Active Investment Managers annual conference.
The Bottom Line
Bias:
Long-Term Positive and Short-term Positive for Stocks.
- Long-term, the stock market is in an uptrend and looks strong. As long as the S&P 500 does not fall below about 2180, any weakness in stocks that we see in the coming weeks should be viewed as a buying opportunity.
- Short-term, market internals have improved and I have switched my short-term bias from Neutral (last week) to Positive this week.
Client Update
We made substantial changes in client accounts last week due to improved short-term stock market conditions. All interest rate sensitive bond funds were sold and we added equity funds to all client accounts. Our equity allocations are about 30% for conservative accounts and 50% for aggressive accounts. Most accounts still have some cash available that should get strategically invested in the coming days.
If you have any questions, please feel free to contact me.
Craig Thompson, ChFC
Email: [email protected]
Phone: 619-709-0066
Asset Solutions Advisory Services, Inc. is a Fee-Base 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.