Weekly Stock Market Update

Stock Market Update

Asset Solutions
Written by Asset Solutions

The Bottom Line

Bias: 

Positive for Stocks.

Long-term, stocks are in an uptrend and we are in a bull market.

• When the S&P 500 is hitting all-time highs, international markets are advancing strongly, and market breadth is positive – there is no other way to view the market other than positive!

• Short-term stock market breadth has weakened, so odds are somewhat elevated that we could see some stock market weakness over the next few weeks.

Long-term, the weight of the evidence continues to be bullish for stocks. At some point, this will change and when it does, I will have no problem flipping to a bearish bias and reallocating client accounts to a more defensive posture. However, market technicals continue to signal that we are in a bull market and thus we should be invested in stocks aggressively.


Client Update

Client accounts are fully invested.


On A Personal Note

We moved to Lafayette, Louisiana from San Diego, California a few months ago to be closer to family. While the move definitely has not been easy and it is going to take some time to adjust to the change in weather, culture, etc., it was a good decision.

When we arrived in July it was 100 degrees, humid and raining every day. I thought my wife was going to change her mind and force a move back to California. Luckily, the weather did get better and we have adjusted to our southern climate. Today the high is 85 degrees and nice outside.

It has been fun exploring some of the surrounding areas. Below is a picture from our recent visit to the Rip Van Winkle Gardens on Jefferson Island.

 


Email me to schedule your free, no obligation retirement account allocation review.

Craig Image_wires_skin40_level_grey_160pix

 

Craig Thompson, ChFC

https://assetsolutions.info/

Email: craig@assetsolutions.info

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.

 

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Asset Solutions

Asset Solutions

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