Allocation Change at Portfolio Wisdom

As of Monday, 5/21/18, the medium-term trend turned down for Small Cap US  Stocks.

Now, the only asset class in our portfolio in an uptrend is gold (GLD or SGOL). All bond classes and all stock classes are trending down.

Accordingly, I reduced stock holdings, increased gold holdings, and increased cash to 15% of our portfolios. (For my diversified clients, we continue to hold a 5% position in the gold miner ETF, GDX). For my speculative clients, we are primarily in precious metals, buying on dips and selling on rallies around the core positions.

Any Question? Call me at 615-414-1942.