Q3 2015 Economic Update
While the Greek crisis has knocked stock indexes down recently, the U.S. economy and markets have been stuck on the 50-yard line since November 2014. The U.S. stock market has been at all-time high valuations and our timing indicators set off the preliminary sell signals which we outlined in our April 1, 2015 Important Market Update and further described in our April 21, 2015 Second Quarter 2015 Newsletter. Consequently, we sold stocks throughout the second quarter and now have one of the lowest U.S. equity exposures in years. Year-to-date, stocks are flat and bonds are down despite a slow increase in business growth on “Main Street,” as forecast in our January 9, 2015 First Quarter 2015 Newsletter.
CLICK TO READ MORE: Third Quarter 2015 Newsletter – Optivest