Thoughts and Next Steps

Dear Clients and Friends,

As I have communicated over the past several weeks regarding our discretionarily managed accounts, we began to lower stock exposure over three weeks ago. We have also lowered exposure to certain types of fixed income that has been historically more susceptible to volatility. As you can see from the chart below, the level of cash piling up on the sidelines overall is getting close to historic levels. The white line represents U.S. money market funds and the blue line is the S&P 500.

The point is not to specifically pick the perfect time to invest, we can never do that with any consistency. However, as has been the case throughout history, when we see extreme moves (to the downside) in asset classes, it has usually been a good time to be a buyer.

We are always here to discuss your portfolio strategy and the economic outlook. Please do not hesitate to reach out and request a call to review.

Thank you,

The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Prior to making any investment decision, please consult with your financial advisor about your individual situation. Any opinions are those of the author, and not necessarily those of Raymond James.

This article was written by Gus Vega, Certified Financial Planner, Total View Advisors and Branch Manager with RJFS. He can be reached at 786.315.4870, 9155 S. Dadeland Blvd. # 1014, Miami, FL 33156. Total View Advisors is not a registered broker dealer and is independent of Raymond James Financial Services, Inc. Securities offered through Raymond James Financial Services, Inc., member FINRA / SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc.