Another Shoe Drops

Another shoe drops. Despite US equities continuing to deliver on the positive side of the ledger in 2018, market breadth is thinning out. Fewer and fewer stocks are trending higher and the majority have now flipped into bearish mode. Today, just 41% of the 3,000+ stocks on the New York Stock Exchange are trading above their long-term 200-day moving average. The stock market declined by -5% during the first two weeks in October. It has rallied in recent days but if this rally fails, the market could be in serious trouble.

The Active Asset Allocator continues in defensive mode with just 5% allocated to global equities (in the gold mining sector). The balance of the strategy is invested in bonds, cash and precious metals.

 
 

At Secure Investments, I advise individual clients on their pension and non-pension fund investment portfolios. To learn more about my Active Asset Allocator and Gold Trader  investment strategies, please get in touch at brian@secureinvestments.ie or 086 821 5911. If you are reading this via LinkedIn, why not visit Secure Investments and subscribe to get exclusive content for free. No spam, ever. Just great stuff.

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