Summer Heat Tires Market

S.T.A.Y. Plus™ current position for Active portion of portfolio:  "BUY" 

All recent attempts by the market to generate momentum and break above the all-time high from early June have been shut down so far. When this continues for a prolonged period of time, the market is consolidating and momentum is slowing. Much like an airplane that is climbing or holding level, when it loses enough momentum, it will drop. It is possible that something could inject some momentum back into the market, but the indicators seem to be saying that a stall is more likely at this point. As a result, we have been 75% in cash and 25% invested in equities. We remain poised to react to either a breakout to the downside or the upside. 

In addition to this market update, we wanted to report that we have officially launched our buffered strategies, which capture performance from the S&P and NASDAQ indices, but also have some downside protection. We have 3 options: Buffered Growth, Buffered Protect, and Buffered Fortress. Also, our 3rd party money management strategies have been performing exceptionally well. These strategies are more volatile, but have excellent potential. 

In general, we really like the idea of our clients using multiple strategies to meet their investment objectives. We are in the process of reviewing client portfolios and evaluating how we can integrate these new options into our clients' portfolios where it makes sense. Please don't hesitate to reach out if you have questions and your annual review is a ways off.