Stock Market Update

Jul 11, 2016

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%.

Market internals are decisively negative. However, one positive is that investor fear has reached a level that has signaled previous market bottoms as measured by the VIX.

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!!

 

Elec Car Bora Bora

 

 

Craig Image_wires_skin40_level_grey_160pix

Craig Thompson, ChFC

www.assetsolutions.info

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.

 

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