Welcome to this three-minute trend talk for Tuesday, September 26, 2023. I’m Mark Scheffler, CEO and Founder of Appleton Group.
In case you’re in a hurry, here are three things you need to know right now. First, the nearly year-long recovery rally in large cap growth and large cap blend tech has run its course, with these positions having achieved significant advances off of last year’s lows. We’ve now taken solid profits in both of these areas in our flexible and in our hybrid strategies. Second, our overall allocations have recently become significantly more defensive, with the majority of our client assets now invested in treasury money markets that have a current yield just a bit north of 5%. Lastly, Peter and I are comfortable with how we’re positioned right now, and really how we’ve been positioned for much of this year, especially given how we’ve managed to outperform most buy & hold strategies that have permanent exposure to the bond market, which is again down this year.
Ok let’s jump right in – three minutes starts now.
Mark Scheffler, AIF® and CEO of Appleton Group LLC (an SEC-Registered Investment Advisor) hosts this Three Minute Trend Talk™, highlighting current investment and economic issues, clearTREND® recommendations for the positions used in all Appleton Group managed portfolios, global investment trends, and more (select 1080p HD for best resolution, 720p HD for slower connections). Investing involves risk. Past performance isn’t a guarantee of future returns. Nothing in our commentary constitutes investment advice tailored to any specific person. Information has been obtained from sources believed to be reliable, but the accuracy of the information cannot be guaranteed. Click here to view our current ADV disclosure document.
