WealthProtect Status Update: May 2024

Reginald A.T. Armstrong • WealthProtect Status Update

Investment Type

Investment Status

Last Change Date

Large Cap Stocks

100% Equities


Nasdaq 100 Stocks

50% Equities/50% 3 Month T bills


International Stocks

100% Equities



Economic numbers have weakened with the ISM Manufacturing Index down 17 of the past 18 months and the ISM Services Index slipping into contraction territory for the first time in almost two years. Unemployment, while still low, seems to be increasing.

On the inflation front, I expect the rate to start moving toward 3% from the current 3.5% in the next few months. After a strong 5 months, stocks had a modest correction in April. So far in May, markets have recouped a lot of what was lost. US stocks remain expensive historically. Bond yields, after surging in April, have come back down some so far in May. US bonds appear to be at fair value. 

System Triggers

All three of our equity holdings maintained their previous investment position and there were no triggers.

If you have any questions, please contact your wealth manager.

Thanks for your continued trust.

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