WealthProtect Status Update November 2017

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.

##System Commentary There were no trade triggers this month as most equities strengthened, especially commodities.

##Market Commentary

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.

Call us if you have questions.

Thank you for your trust.