U.S. Asset Management

US Asset Management

7th Market Update

By David Cross, CPM®, CRPC®, CDFA®

By David Cross, CPM®, CRPC®, CDFA®


Something interesting happened in the stock market last week called ROTATION.

We saw the stock market pull back from it’s high, as investors started to wonder if maybe the peak in the market is in.  Unemployment is now the lowest it’s been since 1969 which is great, but interest rates are now starting to move higher and that’s a concern for the stock market.

Over the last 9 years there has been no money added to stocks and $2.2 trillion added to bonds. You’re probably asking how can that be? that’s a logical question, and the simple answer is investors have pulled money out of well diversified mutual funds and added them to index funds which are much more concentrated in a small number of companies – in particular the ones that were being sold this week.

I know that’s a lot of numbers but what you need to know is that stock markets don’t suffer cataclysmic crashes when nobody is adding money to stocks. We may see some bumps up and down like this week as investors try to decide if they want to be in the stock market or out but I don’t think anything terrible is ahead of us.

Even with the market bouncing about, I am confident in your investments and you can be confident that we have our eye on your money.   Let us know if you have any questions about your investments.

Last, as I always say, if you are bothered by what you see on TV, turn it off!  Advertisers love it when there is bad news because they can run a 20- minute loop over and over and rack up the advertising dollars.

Call us at 678-894-0696 or email your questions to us at david.cross@us-am.com

David Cross is a wealth advisor with U.S. Asset Management, a Registered Investment Advisor. He holds the designations of Certified Divorce Financial Analyst, Certified Retirement Planning Counselor and Certified Portfolio Manager.

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All views/opinions expressed in this article are solely those of the author and do not reflect the views/opinions held by Advisory Services Network LLC.  Advisory Services offered through U.S. Asset Management, a member of Advisory Services Network, LLC.

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U.S. Asset Management is a fiduciary advisor offering portfolio management and financial planning services. We help clients make better decisions with their money and assist with overseeing every aspect of their financial lives.  David Cross is a Certified Portfolio Manager, Certified Divorce Financial Analyst and Certified Retirement Planning Counselor.

U.S. Asset Management and Advisory Services Network, LLC do not provide tax advice.  The tax information contained herein is general and is not exhaustive by nature.  Federal and state laws are complex and constantly changing.  You should always consult your own legal or tax professional for information concerning your individual situation.

All information contained herein is derived from sources deemed to be reliable but cannot be guaranteed.  Financial data changes rapidly.  All economic and performance data is historical and not indicative of future results.  This material is of a general nature and intended for educational purposes only.  This information does not constitute a recommendation or solicitation or offer of the purchase or sale of securities.   Indexes are unmanaged and do not incur management fees, costs, or expenses.  It is not possible to invest directly in an index.