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Today we added more exposure to the S&P 500 in our growth models, taking exposure up from 35% to 65%. This is due to sustained support just above our risk-off level.

 We believe risk is still high and will continue to add exposure to equities in our other models if we continue to see stability on Monday.  We are still ready to reduce and protect against the downside should things deteriorate in the coming days and weeks.  

We believe we may be setting up for the first meaningful correction in years but we have to respect our allocation discipline by maximize our opportunities when the risk off level is tight.   

We also added 5% to gold miners in  our growth and moderate models. We have seen weakness yesterday and today following the move up we saw last week.  Gold looks to be oversold and could provide for upside in the event the equity market rolls back over, the dollar falls and if the Fed pushes off rate hikes until after September.

This commentary on this website reflects the personal opinions, viewpoints and analyses of the Gainplan LLC employees providing such comments, and should not be regarded as a description of advisory services provided by Gainplan LLC or performance returns of any Gainplan LLC Investments client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Gainplan LLC manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.

Categories: Industry Ideas