Don’t Hold Your Breath

We’ve seen the markets ticking higher, with six consecutive weeks of gains. Yesterday, the S&P 500 reached its highest level since April and was within 10% of the all-time high of Oct. 9, 2007. Even so, with much of Europe on holiday and trading volume being low, there is a sense that investors are holding their breath, waiting for Europe to get back from vacation, for the next policy announcement, for the next big headline to move the markets.

Although we are aware of the risk that may lie ahead in the markets, Payne Wealth Partners managers are committed to avoid the short term “wait and see” mindset. During times of low volatility we continue to rebalance portfolios, replenish cash reserves, and get poised to take action on behalf of our clients should market-moving events provide the opportunity. Although we like to see markets moving higher and are optimistic in the long-term, we remain fully alert and aware of unresolved political and economic issues that could creep up and spook investors in the near term. We believe that the discipline of staying invested during uncertain times, along with the ability of being nimble and ready for market volatility, will continue to add value to client portfolios.

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The information in this material is only as current as the date indicated, and may be superseded by subsequent market events or for other reasons. While all information prepared in this document is believed to be accurate, any statements of opinion constitute only current opinions of Payne Wealth Partners, Inc., which are subject to change and which Payne Wealth Partners, Inc. does not undertake to update. Accordingly, you should not put undue reliance on these statements. The information does not attempt to examine all the facts and circumstances that may be relevant to an individual’s financial needs. Payne Wealth Partners, Inc. is not soliciting any action based on these statements.

Contact Our Offices

Payne Wealth Partners, Inc.
Keystone Financial Consulting
601 N Cross Pointe Blvd
Evansville, IN 47715
Phone: 812-477-6221
Toll Free: 888-477-6221
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