Another tough day in the market.
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Recent Sector Performance
Defensive sectors held up until the last couple days
Gold Smart-Stop hit
I liquidated 1/2 of our GLD position - may liquidate remainder if weakness persists
Consumer Staples and Healthcare liquidated as preemptive move based on unusual weakness
Added to Utilities - Only S&P sector that is working
Flexible Income Folio performing well
The market is in turmoil and trying to navigate it is extremely difficult. The markets are very choppy, one day up big - the next day down big. Almost all sectors are trading as a block with little consideration to the fundimentals; we either have a "Risk On Day" or a "Risk Off Day".
Our Flexible Income folio's relative performance is helping offset some of the negative performance of our Equity foliios. Net - Net we are holding up very well.
I may begin to take some bond/fixed income positions in our Equity folios rather than have these folios merely sit in cash.
This blog post does not constitute an offer of investment advice. This blog is only provided for educational purposes. Please read the Important Blog Disclosure posted in the right channel bar.