August 30, 2015 Weekly Wrap
Market Update
Stocks have fallen dramatically over the past couple of weeks. The bounce we saw in stocks last week was simply due to the market being extremely oversold. Now that stocks are neither oversold nor overbought we shall see if they can establish an uptrend. I believe odds favor more downside risk.
Client Update
Currently, we have most client accounts invested primarily in money market funds. Money market funds are safe investments that do not fluctuate in price and are a good place to park our money while we wait for stock and bond market conditions to improve.