After global and U.S. stock market advances in the first quarter of 2017, we remain overweight equities – but less so than a year ago, due to increasing risks. Our portfolios are also slightly overweight cash. This is not a long-term strategy, but rather for investment opportunities which might present themselves in the short-term. Here are our key takeaways from Stratos Private Wealth’s most recent Market Outlook Webinar:
Our strategy for the remainder of 2017: Remain flexible. We will continue to closely monitor our indicators to dictate the best course of action based on the weight of the evidence. Extra cash can either be put to work if opportunity presents itself; or it may cushion against volatility as further cuts to equity exposure are warranted.
Stratos Private Wealth is a division through which Stratos Wealth Partners, Ltd. markets wealth management services. Investment advisory services offered through Stratos Wealth Partners, Ltd., a registered investment adviser. Stratos Wealth Partners and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational purposes only; and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction. Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision. Investing involves risk including possible loss of principal. Some of the information contained herein has been obtained from third party sources which are reasonably believed to be reliable, but we cannot guarantee its accuracy or completeness. The information should not be regarded as a complete analysis of the subjects discussed.