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Despite a strong end to the week, this short-term move higher is not changing our overall view on the market. Equities are facing challenging headwinds that should contain upside potential. Rising interest rates, the delayed economic impact of those rate hikes, job losses, tightening liquidity around the globe, negative earnings revisions, poor relative strength underlying equities. We could keep going.
As a result, we still believe, at the very best, stocks are stuck in a trading range over the coming weeks, possibly months. And that keeps us cautious and hesitant to place any large bets at this point. We realize that’s not exciting, but in times like these we’re okay with being dull and boring, and safe.
The views expressed represent the opinion of Good Life Asset Strategies, LLC. The views are subject to change and are not intended as a forecast or guarantee of future results. This material is for informational purposes only. It does not constitute investment advice and is not intended as an endorsement of any specific investment. Stated information is derived from proprietary and nonproprietary sources that have not been independently verified for accuracy or completeness.
Good Life Asset Strategies, LLC is a registered investment advisor located in Fort Worth, Texas. Good Life Asset Strategies, LLC and its representatives are in compliance with the current registration and notice filing requirements imposed upon registered investment advisors by those states within which the firm maintains clients.
All information herein has been prepared solely for informational purposes, and it is not an offer to buy or sell, or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy. Such an offer can only be made in the states that Good Life Asset Strategies, LLC is either registered or a notice filer or an exemption from registration is available under the securities laws or other laws.