Highlighting one of Wealth E&P’s technical indicators for economic modeling
April 5, 2021
Welcome to Wealth Enhancement & Preservation’s Market Minute, where we get to update you on everything that happened in the markets this past week.
This week, once again, we had a strong finish; the market was closed on Friday for Good Friday. Monday through Wednesday, they were fairly neutral, but as Thursday came around, we saw a nice little surge.
The S&P finished up about 1.16% and a quarter-point for the DOW. Our growth model was up around 1.79%, so it was another good week.
The last couple of weeks I showed you our City National Rochdale signal as well as our AlphaDroid signal, and today I'm going to show Mojena, which drives our economic model.
As opposed to the others that look at technical indicators and fundamentals, Mojena really looks at the economy: consumer sentiment, supply, and 20 different economic signals. As you can see right now, it all comes together to give us a score of 89.7. When that score is above 63, it is time to be aggressive; when it is below 47, it is time to get conservative.
Once again, the message the last few weeks: it is time to be aggressive and take advantage of the growth while we can. Eventually, the tide will turn, but let's enjoy it for now.
If you have any questions for us about the financial markets, please feel free to reach out. Otherwise, stay tuned for our next Market Minute next week!
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