-Opportunities in international equities continue to look attractive versus other asset classes. Specifically, emerging markets are exhibiting positive relative strength versus the developed countries; therefore, we are going to focus our international exposure in the emerging market countries.
-For the most part, all of the major market indexes, like the Dow Jones Industrial Average and S&P 500 have returned to positive trends. Within the confines of domestic sectors there are clear leaders; Technology is one of the strongest sectors right now, and an area of focus.
-While the commodity markets in general have taken a breather over the past few weeks, there are some interesting looking opportunities here among the metals. For instance, Copper, Nickel, and Aluminum are among the metal-based commodities that look attractive here, all of which can be bought through an ETF. Feel free to give me a call if you want to take about specific ETFs to use in this area.
-The US Dollar continues to trade in a long term negative trend, and after a period of consolidation over the course of the past couple of weeks the US Dollar broke down again at $79. All in all, the picture for the US Dollar is not a positive one.
I will continue to diligently review your account(s) making the necessary adjustments to keep you positioned in the right direction. Additionally, as this offensive session progresses I will be monitoring the overall market, looking for any other potential areas of leadership. We will adhere to both the buy and sell side of our decision making process and let the discipline successfully navigate this market. If you have any questions regarding these strategies, or any other strategies for that matter, feel free to contact me and I would be happy to discuss them in further detail with you.
Securities and Investment Advisory services offered through NBC Securities, Inc., Member FINRA and SIPC. Investment products 1) are not FDIC insured, 2) not guaranteed by any bank and 3) may lose value including a possible loss of principal invested. NBC Securities does not provide legal or tax advice. Recipients should consult with their own legal or tax professional prior to making any decision with a legal or tax consequence.This is not an offer to sell or buy any securities products, nor should it be construed as investment advice or investment recommendations.
