Quick Comment – Cash is King

We’re continuing to hold large cash and other defensive positions after having sold numerous invested assets some time ago.  Additional sales are imminent as market deterioration continues.

Markets had been looking for help from the People’s Bank of China in the form of a weekend rate cut – that didn’t happen.  Overseas markets have continued their downward course and commodities were bid sharply lower on today’s open.

To be blunt, the markets and the global economy have become addicted to stimulus that has been largely ineffective at stabilizing inflation and creating global prosperity, which means that any additional stimulus (while welcome by most) appears unlikely.

NOTE: Our firms “traditional” portfolios (which represent a very small percentage of our clients’ assets) continue to hold full market exposure as they are not risk-managed” strategies.

We’ll have additional commentary and updates later in the week…

By | 2015-08-24T10:09:44+00:00 August 24th, 2015|Market and Portfolio Commentary|Comments Off on Quick Comment – Cash is King

About the Author:

Mark’s commitment to objective, independent wealth management led him to establish The Appleton Group LLC in April of 2002. With over 19 years of experience in the financial services industry, Mark serves as portfolio manager for our private client group, and co-manages all assets held in our suite of portfolio offerings. His responsibilities include risk analysis, asset allocation, market research, and institutional client development. Mark also serves as both Principal and CEO of The Appleton Group LLC. He earned his Accredited Investment Fiduciary (AIF) designation in 2016