Market Commentary – October 2021
October 4, 2021 Market Commentary
The Stock Markets have been in a downward trend since September 2, 2021 with each low being lower than the one before and each high bouncing off the lows being lower than the high before. At the time I am writing this commentary the S&P 500 index is down over 5% since Labor Day and continues to be in a slow downward trend and is now below the level it was at the end of June.
Our Biblically Responsible Portfolio Positions at this time
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Aggressive Portfolios: normally in 98% to 99% equity/stock positions have been at 75% equity/stock positions since August 27th with the remainder in cash
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Growth Portfolios: normally in 80% equity/stock positions have been at 60% equity/stock positions since August 27th with the remainder in cash and inflation indexed bonds
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Moderate Portfolios: normally in 50% to 60% equity/stock positions have been at 30% equity/stock positions since August 27th with the remainder in cash and inflation indexed bonds
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Conservative Portfolios: normally in 20% to 25% equity/stock positions have been at 15% equity/stock positions since August 27th with the remainder in cash and inflation indexed bonds
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Ultra Conservative Portfolios: never have equity/stock positions
We will start investing back into our normal equity/stock allocations when I see the downward trend slowing and/or it makes sense to buy at lower values for the long run.
In the meantime, rest assured that I am consistently monitoring events, the markets and all our portfolios hourly and daily, many times into the late evenings as well as very early in the mornings. As a Fiduciary based firm we act as your trusted financial advocate for you. We exist to serve you, not the other way around.
The views expressed represent the opinion of Christian Financial Advisors®. The views are subject to change and are not intended as a forecast or guarantee of future results. This material is for informational purposes only. It does not constitute investment advice and is not intended as an endorsement of any specific investment. Stated information is derived from proprietary and nonproprietary sources that have not been independently verified for accuracy or completeness. While Christian Financial Advisors® believes the information to be accurate and reliable, we do not claim or have responsibility for its completeness, accuracy, or reliability. Accordingly, such statements are inherently speculative as they are based on assumptions that may involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such statements. Past performance is not indicative of future results. For any discussion of equity securities: Investing in equity securities involves risks, including the potential loss of principal. While equities may offer the potential for greater long-term growth than most debt securities, they generally have higher volatility. For any discussion of taxes: Christian Financial Advisors® does not provide tax advice and encourages you to seek guidance from a tax professional.