Taking a look at the wild ride in the markets last week and revisiting Wealth E&P’s indicators
July 26, 2021
Welcome to Wealth Enhancement & Preservation’s Market Minute, where we get to update you on everything that happened in the financial markets this past week. My name is Jake Sanders, and I am a partner at Wealth E&P and work as a Wealth Advisor and Certified Financial Planner™.
Last week, Darrin Cohen (Wealth E&P’s CEO) discussed the importance of maintaining perspective in periods of market volatility, specifically focusing on the downside. Perhaps a little bit prophetically, the market was in a little bit of a tailspin on Monday.
However, as we'll see, the market did recover. On Monday it was horrible, but the rest of the week was very strong. Actually, the S&P finished up 1.97% and our Managed Growth portfolio was up 2.57%.
In addition to this perspective, we think it's very important that you have a process and how to implement that perspective. One of the components of our process is called City National Rochdale. We've shown you these before, but they use 20 different indicators in the form of speedometers.
You'll see that most of them are very positive right now, and that's very consistent with the rest of our All-Weather scoring (which is also positive). As such, with our All-Weather score being positive, our portfolios are invested accordingly.
However, I'd add that if that ever changes (if we slip away from positive to more neutral or even negative territory), our indicators are designed to get out in front of that. Our indicators ideally de-risk portfolios, all the way up into using our Bear Market strategy, which Armand Glassman is going to discuss a little bit next week.
If you have any questions for us, if you want a risk profile, or if you would like a retirement projection, please feel free to reach out or visit www.wealthep.com. Otherwise, stay tuned for our next Market Minute next week!
At Wealth Enhancement & Preservation, we are here to serve as your financial advisor and source of support in the Alpharetta, GA, Cartersville, GA, and Charleston, SC areas. Our advisors are dedicated to simplifying the complexities of the financial world and as your advocate, we strive to learn about your most valued goals and dreams. From individual investors to entrepreneurs, our services are designed for your success.