Stock Market Update (originally published 6-27-16).
Market Update
Stocks around the world fell dramatically on Friday due to Britain’s vote to exit the European Union and continued down again today. Over the past two days the S&P 500 has fallen 5.3%.
The Bottom Line
Client accounts are fully invested in mostly lower volatility bond funds.
Client Update
Client accounts are fully invested in mostly lower volatility bond funds, including: High Yield Municipal Bond Funds, Floating Rate Funds, Preferred Security Funds, and High Yield Funds. For the most part, our accounts have trended up with very minor volatility.
On A Personal Note
This week’s newsletter is abbreviated due to me being on my honeymoon. Below is a picture of us in our rented electric car leaving to check out the island.
We return on Friday. Have a great week!!
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.