Some will say this bull market is now in its eighth year and is overdue for a correction. Others describe it to be a “secular bull market” and believe because the recovery has been more slow and steady, that it will be sustainable over a longer period. Personally, I try to stay clear of making any short-term predictions. My goal has always been to “take the market out of the market for my clients” and help my clients to focus instead on things we can control, such as making sure your portfolio is allocated correctly among the various asset classes and is in alignment with your time horizon and risk tolerance level. 

The simple fact is – the market rotates in cycles. We cannot control the market, nor the Federal Reserve. When it comes to politics, politicians propose ideas, and when those ideas fail, markets dispose of those ideas and often the politicians who proposed them. Bull markets are more likely to die from freight than of old age. I believe in building “all-weather” portfolios, rebalance and make adjustments along the way as needed, keep the faith and stay the course. Do not allow short-term events in the marketplace to cause you to alter a well-laid investment plan. Have a plan and work your plan.

Diversification and strategic asset allocation do not ensure a profit or protect against a loss. Investments are subject to market risk, including possible loss of principal. The process of rebalancing may carry tax consequences. Opinions expressed are not necessarily those of Raymond James Financial Services. Information contained was received from sources believed to be reliable, but accuracy is not guaranteed. Investing always involves risk and you may incur a profit or loss. No investment strategy can guarantee success. Past performance may not be indicative of future results.