The Iran Deal is Off. How Does This Affect Your Portfolio?

President Trump just showed Iran a big stick and a little carrot.

As of this writing just a few minutes after his speech, gold and commodities are up slightly while stocks remain about where they were just before the announcement.

In summary, there is not a great deal of reaction to the news initially.

However, yesterday, our allocation model changed our asset allocations, decreasing international stocks and large cap US stocks while increasing small cap US stocks and gold.