WealthProtect Status Update

Reginald A.T. Armstrong • WealthProtect Status Update


This is the monthly WealthProtect System* status update and includes the probability (Low, Mid, High) of a change in status within the next two months.

WealthProtect Status Update August 2018

System Commentary

There were no triggering events this past month, but weakness in emerging markets brought that asset class close to an exit signal. US equities strengthened across the board, especially in large cap stocks.

Market Commentary

While strong earnings appear to support a healthy stock market, the narrowness of the market is troubling. US stocks are positive this year, but simply removing the five FAANG stocks (Facebook, Apple, Amazon, Netflix, Google) leaves the market negative for the year. Narrow markets are not healthy markets, so be wary. Nonetheless, the market has not broken beneath the February 8th low in six months, so the most likely path in the short to intermediate term is to the upside. Longer term, however, the overvaluation of US stocks will likely keep a lid on gains.

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