Stock Market Update Video
Market Update
This week we are changing it up and presenting our market update charts in a video. Please email us to let us know if you prefer the usual written format or this video version.
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The Bottom Line
Bias: Positive for Stocks
- Stock market price action is positive and will remain so as long as prices remain above the June 2016 lows.
- Market internals suggest a positive environment for stocks over the longer term.
- Some shorter-term market internals are flashing warning signs that we could see some market weakness over the near term. Possibly in the form of a market pullback. However, any short- term weakness has not yet been confirmed.
- Stock market momentum has not yet signaled a change in trend, the direction of the market is still up, and price action is still positive. So any warning sign that we are seeing in shorter-term market internals are just a signal to be cautious. Until prices rollover and momentum indicators turn negative, short term price action remains positive.
Client Update
Client accounts are between 80% to 100% invested in lower volatility funds.
We will be looking to add funds that we have identified as providing attractive risk-adjusted return characteristics once short-term internals turn positive.
For the most part, our accounts have trended up with very minor volatility this year.
On A Personal Note
This was a big week for the Thompson clan. My parents have been working their way across the country in their camper, traveling west from Lafayette, Louisiana. They arrived here in San Diego last Sunday and plan to stay for a couple of weeks. My sister will be traveling here by plane and arrives on Wednesday. We have been planning this get together for months so that we could be together to celebrate my Dad’s 80th birthday. Below is a picture from the weekend. We ate lunch and tasted some craft beer at Stone Brewery in Point Loma.
Have a great day!!
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.