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In previous Market Pulse newsletters, we’ve mentioned the significance of the S&P 500 being 3 standard deviations or more below its weekly average.

Historically, market bottoms have often occurred when the S&P has fallen 3 standard deviations or more below the average on the weekly measure.

To add or not to add (risk)?

We look at the benchmark’s statistical deviation from its mean in order to determine whether to add or to reduce risk.

Having arrived at what is, for all intents and purposes, full employment, the Fed has unsurprisingly begun tapping the breaks by raising rates and addressing the size of its balance sheet.

When the market is down, liquidating protective hedges that have increased in value in exchange for less expensive ones is an action that both generates cash and simulates buying additional shares at lower prices. This can make a “spring-loaded” rebound possible while simultaneously producing distributable income to clients without selling shares. For our ZENdex portfolios, this is the picture of opportunity.

Historically, taming inflation has increased the risk of recession. In this dance in which the Federal Reserve tries to keep workers employed but with wages whose buying power isn’t destroyed by inflation, those in control of monetary policy cannot afford to have two left feet. We invite you to call us to discuss how this data informs our strategy and how a ZENdex Portfolio could be a powerful addition to your overall investment mix.

At 7%, inflation is still running hot. Now the Fed is poised to raise short-term interest rates and shrink its balance sheet – both are actions that “tap the brakes” on economic growth.
We invite you to call us to discuss how this data informs our strategy and how a ZENdex Portfolio could be a powerful addition to your overall investment mix.

We invite you to call us to discuss how this data informs our strategy and how a ZENdex Portfolio could be a powerful addition to your overall investment mix. We weigh the data below heavily when developing our portfolio strategy, in which we aim to maximize the relationship between performance and protection while minimizing taxation.