WealthProtect Status Update: July 2023

We email the status of our WealthProtect System* monthly and give the probability (Low, Mid, High) of a change in status within the next two months. We also include a commentary on actions taken this month, changes in overall asset allocation, and the market in general.

System Commentary

Weakness in the early part of July was quickly erased by the end of last week. All asset classes are considered “in” except REITs, which are really close. The strength of the move did cause us to nibble this week in large-cap and small-cap equities.

Economic/Market Commentary

The lower inflation number has convinced many that a soft landing is coming and that a recession is unlikely. The market certainly seems to think so. That certainly could be, yet many indicators point to a looming recession. Perhaps it is delayed, or perhaps it is what some are calling a “rolling recession”; that is, one that hits certain parts of the economy one after the other, but not all at once. We shall see. We will continue to be prudent, but not hunkered down.

Thanks for your continued trust.