While the month of March concluded with an inspiring rally, given how oversold the markets were, the rally was not a grand surprise.
That said, there are signs underneath the surface that the correction may indeed be over. However, our proprietary risk gauge is still very much on a composite sell signal.
This past month has also been yet another reminder that you should not consider bonds as a "safe" haven. Bonds have risk too and they remain volatile.
Finally, when we look at some of the economic data, we definitely see signs that concern us. First, the jobs market has been pretty weak. Secondly, there is evidence that the Federal Reserve might actually RAISE rates instead of lowering them.
Ultimately, we are quite pleased with how our process helped us navigate the last two months. Where we go from here, as always, it will be based on the evidence.
This information is intended to be educational. Hicks & Associates Wealth Management does not provide tax or legal advice. You should consult with a qualified tax, legal or financial professional before making any decisions.
Investment advisory services are offered through Hicks & Associates Wealth Management, LLC (“Hicks & Associates”), an investment adviser registered with the Securities and Exchange Commission. Registration as an investment adviser does not imply a certain level of skill or training. More information about Hicks & Associates can be found in Form ADV Part 2 or Form CRS which is available on our website.
Past performance is no guarantee of future returns. Hicks & Associates reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs. The visuals shown are for illustrative purposes only and do not guarantee success or certain level of performance. This material contains projections, forecasts, estimates, beliefs and similar information (“forward looking information”). Forward looking information is subject to inherent uncertainties and qualifications and is based on numerous assumptions, in each case whether or not identified herein.
This information may be taken, in part, from external sources. We believe these external sources to be reliable, but no warranty is made as to accuracy. This material is not financial advice or an offer to sell any product. There is no guarantee of the future performance of any Hicks & Associates portfolio. The investment strategies discussed may not be suitable for all investors. Before investing, consider your investment objectives and Hicks & Associates charges and expenses. All investment strategies have the potential for profit or loss.