The summer quarter for the stock market started out in promising fashion but unexpected news of China’s currency devaluation abruptly reversed any positive momentum and psychology. Suddenly, continuous overnight news of China’s plunging stock market stoked investor fears around the globe. The U.S. stock market was not immune and reacted in kind. The quarter finished with deep declines of -6.9% for the S&P 500, but adjustments in Pring Turner portfolios reduced volatility and the majority of accounts fared much better. Still, many questions arose from the recent global financial turmoil and we will answer some of those in this quarter’s newsletter.
In recent special client bulletins, we addressed the surge in market volatility, and explained ongoing changes in our outlook and the resulting lower stock allocation in your portfolio. In the interim, there have been even more incoming client emails and phone calls expressing heightened concerns over current financial market gyrations and future economic outlooks. This newsletter upholds our commitment to keeping you informed of our current thinking and we hope to ease your concerns about recent financial headlines. Click the following link to continue reading… Reducing Risk to A Safer Portfolio Speed -2015