Market Update

As you are aware, we are currently experiencing volatility in the global markets. This recent sell-off is driven mainly by China and their slowing economy. As we said during our recent trade update two weeks ago, we have felt for some time it was prudent to reduce the overall risk in our portfolios and rotate into more defensive-minded investments. Looking back, we are happy we made the decision to be proactive, rather than reactive.

The U.S. stock market has, in the past few years, been extraordinarily calm by historical standards. The sudden drops of the past few days are well within the long-term norm. It’s important to note that your diversified portfolio of stocks, bonds and cash performed much better than the headlines you read about or see on TV. We know it’s hard to block out the noise, but don’t fixate on the news, as it will only make the volatility feel worse.

We do not have a crystal ball from which we can call market bottoms, but we are confident in our approach and want to remind our clients to stay disciplined and focused on their long-term objectives.

As always, our team is constantly analyzing the markets and our models and looking for opportunities to protect and strategically grow your investments. You can rest assured that we have both hands on the wheel and are doing our best to navigate through this short-term storm.

It is often said that the markets take the stairs up and the elevator down, and we are tirelessly working to ensure our portfolios stop at a higher floor than the overall market.

If you do have the need to discuss your current situation, don’t hesitate to call us.

Disclaimer
This communication and its content are for informational and educational purposes only and should not be used as the basis for any investment decision. The information contained herein is based on publicly available sources believed to be reliable but not a representation, expressed or implied, as to its accuracy, completeness or correctness.

No information available through this communication is intended or should be construed as any advice, recommendation or endorsement from us as to any legal, tax, investment or other matters, nor shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction. Nothing contained in this communication constitutes investment advice or offers any opinion with respect to the suitability of any security, and has no regard to the specific investment objectives, financial situation and particular needs of any specific recipient.

This email represents the opinion of Red Door Wealth Management and is for informational purposes only. It is not a recommendation nor is it intended to be construed as tax or legal advice by the recipient. Past review of investments are no guarantee of future results.