Uh oh! Signs of a potential financial market correction may be on the horizon:
- The S&P 500 is down 4% from its all-time high.
- Investors are showing increased interest in gold, silver, copper, and other commodities, which are often seen as safe havens during economic downturns.
- Geopolitical tensions remain high in the Middle East and Ukraine which definitely creates nervousness in the financial markets.
- There are weaknesses in some areas of the US stock market, including major companies like Apple and Tesla, as well as retail stores, commercial real estate, and an increased consumer debt load.
But: The good news is we anticipated probable market weakness and took action last week. The RFS growth model is 70% short, and LONG gold, silver, copper, and commodities. So we are in great shape for a major market pullback.
Don’t forget we are always here for you and your family.
Jack
S&P500 -1.2%
RFS Aggressive Growth Model (AG) +.26%
RFS Aggressive Growth + Model (AG+) +.26%
* End-of-day market returns as of 4/15/2024