The market has been trading in a sideways pattern for the last three weeks, with no real direction either way. However, the overarching trend is still clearly down, and the markets look to be ready for a re-test of the lows set in September. Cash is king at this stage of the cycle, and we are sitting on a lot of it. Patience will pay off. This bear market will end; we just can’t be sure of when. Keep reading…
The analysis that follows was written by Vance Howard, CEO of Howard Capital. Howard Capital provides our firm with money management services through Houston Wealth Advisers, LLC, a Registered Investment Adviser (RIA). We make this post available as a courtesy, but wish to note that we have not contributed to, nor are we responsible for, its content. The information contained in this analysis should not be considered investment advice, an offer to purchase any security or investment, or a solicitation of any kind. Consult your financial adviser, review all materials and prospectuses, and consider all risks before making any investment. Noel R. Vincent, Managing Partner & Chief Investment Officer – Senior Partners Private Wealth Management
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