We hope you’re enjoying the changing of seasons. Here in Wisconsin, the leaves are starting to turn and it’s beautiful. I took a picture at around 7 a.m. this morning and there certainly is an autumn feeling with the crisp air and leaves starting to fall.
Speaking of what’s not falling, the market continues its move to new all-time highs, with the Dow recently breaking through the 42,000 milestone. Typically, October is a volatile month. In fact, intra-month declines during October tend to happen, then like a springboard, markets go up from a seasonality standpoint. Again, these are historical tendencies, so we’ll have to wait and see.
There has not been a shortage of uncertainties, though, as of late. We’ve had hurricanes and have seen their devastating impact, there’s the conflict between Israel and Iran, and of course, we have the Presidential Election coming up in less than a couple of weeks. If there’s one thing the markets hate, it’s uncertainty. Yet, despite the uncertainties, the major indices have continued to climb higher, but many Americans today are still not feeling or experiencing all these positives, with many struggling with day-to-day necessities. We’re all hoping for the best.
A few weeks back, I had a client reach out asking about how their portfolio is positioned to address the potential of what would have been a port strike. I reminded my client that the best thing to do is to let our managers manage, as we don’t manage based on what can or will happen (my job is to help manage the emotions that come with investing). As we all know, that port strike was averted. I bring this up because as the election approaches, this especially brings added uncertainty, and many of you reading this (client or not) may be concerned, perhaps even anxious, about what lies ahead and what can happen as a result of the election. This is why we do what we do. We manage money, as well as use other solutions, to help give you some peace of mind, so not only can you grow your savings and investments, but also protect it. Our managers will manage based on data, not what-ifs, and will navigate according to what the market gives us.
So, if you don’t have a ‘defensive’ component to your plan, consider a tactical methodology for your portfolio. It’s what we do best, and we can help you. And if you’re a current client, as always, we’re just a call or email away if you want to talk or do a review.
You can reach Chad Albano and the team at Global View Capital Advisors by scheduling an appointment here: https://app.acuityscheduling.com/schedule/7c4635ff
