WealthProtect Status Update May 2018

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.

##System Commentary There were no triggering events this month. All equities strengthened except for Emerging Foreign Equities, for which the rising dollar took a toll. Bonds, as measured by the US 10 Year Treasury Bond, weakened in price as yields rose to the 3% yield level.

We did make one major change in our system. We dropped energy infrastructure equities from our asset allocation. We originally included them mainly as our research showed they improved a well-diversified portfolio. Changes in corporate tax law, however, are causing some of these companies to restructure. These two factors bring into question the future relationship of risk and return of energy infrastructure with the remainder of the assets to which we allocate. Consequently, we decided it would be prudent, while we are not invested in these equities due to their price weakness, to remove them. If you have any questions on this, please call us.

##Market Commentary

Overall, markets remain in a consolidation mode between the January peak and the February low. From a technical perspective, however, it appears a move in one direction or the other is imminent. Thanks for your continued trust.