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. Below is a commentary on actions taken this month as well as changes in overall asset allocation.
There were no trade triggers this month as most equities strengthened, especially commodities.
Only a brief recap today:
- The market is extremely overvalued. Period.
- Investors are complacent. Period.
- The market is likely to go higher in the short term as the momentum continues to be upward.
- It is not different this time. Period. There will be a reckoning at some point.
Markets are like an escalator when rising, but more like an elevator when falling.
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Thank you for your trust.