World headlines concerning the Russian's involvement in Crimea and negative economic news out of China are being blamed for the stock market weakness.It is always a guessing game as to a specific reason for stocks coming under pressure. I happen think the market is still consolidating last years gains, gains that were really fueled by excess liquidity in the market as a result of unprecedented money printing by central banks all around the world.
The primary trend remains to the upside, however, we cannot ignore the downward pressure on stocks at the moment. Consequently, I will be reducing market exposure in the GWM Major Markets 2 Folio and GWM Sector Rotation Folio 2.
I will be adding to our gold related positions in both Sector Rotation folios because gold is now breaking out to the upside.
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