Fed Stands Pat for Another Meeting

Submitted by Alternative Strategies Group, Inc on September 17th, 2015

investing

Checking in with all of you after the session on Thursday afternoon, the 17th of September. We made it through yet another Fed meeting today without an interest rate increase. Many economists felt that we were due for a rate increase this time around. They were wrong. Some cite global turbulence and inflation data here in the US as reasons why a rate hike is not in order at this time.

How did the stock market react? In volatile trading today all the major indexes were up more than 1% for a time, until falling back and finally losing ground by the closing bell. The Dow was off 65.21 points or .39% by the end of the trading day.

As I have continued to preach - I believe we are in for a tough go ahead for the next several months yet. The looming presidential election season, the serious problems in the Chinese economy, the unrest in Europe, and only marginal job growth in the US are all reasons to proceed with caution.

For the first time since June of 2010 all S&P 500 sectors performed more poorly than "cash" as an asset class in the month of August. This was a signal for me to take more money off the table. This means that for the month of September those that are hiring me to manage their portfolios through Trust Company of America are sitting on more cash than usual. I am waiting patiently for a trend to develop so we can invest appropriately going forward.

As always - if you are concerned or just ready for a review, please call and we will get it scheduled. I have seen a significant influx in referrals through this recent market volatility and I thank you for sharing my name with your friends and loved ones. Have a great weekend.

All content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. Nor is it intended to be a projection of current or future performance or indication or future results.
Opinions expressed herein are solely those of Alternative Strategies Group, Inc and our editorial staff. The information contained in this material has been derived from sources believed to be reliable but is not guaranteed as to accuracy and completeness and does not purport to be a complete analysis of the materials discussed. All information and ideas should be discussed in detail with your individual advisor prior to implementation. Advisory services are offered by Alternative Strategies Group, Inc, an Investment Advisor in the State of South Dakota. Being registered as an investment adviser does not imply a certain level of skill or training.
The information contained herein should in no way be construed or interpreted as a solicitation to sell or offer to sell advisory services to any residents of any State other than the State of South Dakota or where otherwise legally permitted.
Images and photographs are included for the sole purpose of visually enhancing the website. None of them are photographs of current or former Clients. They should not be construed as an endorsement or testimonial from any of the persons in the photograph.
Purchases are subject to suitability. This requires a review of an investor’s objective, risk tolerance, and time horizons. Investing always involves risk and possible loss of capital.

Fed Stands Pat for Another Meeting

Stay Connected

Get in Touch