Market Insight September 5, 2023

Our weekly market insight provides timely and accurate information on the financial landscape. We deliver tailored insights on different aspects of the market, economic indicators, and our investment strategy.

Short Trading Week Ahead

What is it?

Leading into Labor Day weekend, the total world stock index was down slightly after a positive start to the week.* We will see if there is more of the same indecisive market action throughout this week. 

Why does it matter?

Money managers may focus more time on account maintenance after the TD/Schwab merger. It will be interesting to see what institutional investors are eager to make trades on after a few days off. Whether this week is volatile or not we are confident that our processes will help us to be well positioned. 

Blitz Index Update

What is it?

The Blitz Index is a tool we adopted from successful investor Martin Zweig and updated it for current conditions. Three aspects of the economy are combined with stock performance to give us a score from 0-10 from cash to fully invested. 

Why does it matter?

The Blitz Index score is unchanged since our last update in August. Performance has remained elevated enough to contribute two points. Also, a measure of consumer debt has not increased too much. That aspect maintains a contribution of two points. There were no other points based on interest rates and policy decisions of the U.S. Federal Reserve. Those aspects aim to reduce inflation by contracting the cash flow in the economy. The current score of 4/10 recommends a 50% invested level, slightly below most of our tactical portfolios. 

Other articles we found interesting this week:

The lasting damage ‘forever chemicals’ could do to American companies

Fed in focus as earnings, economic calendar slow

Shoppers pull back on ‘big ticket’ items

Current 401(k) portfolio

Our last 401(k) portfolio reallocation: 8/14/2023. 

Want more information?

The weekly market insight provides a window into the process we use in our investment management process. At Breakaway, we believe markets are always changing and require a nimble yet data-oriented approach. 

Our process attempts to identify trends and momentum in the financial markets. With that information, we align our clients’ portfolio accordingly in the hope to help our clients accomplish their life goals while attempting to lower the risk of a large drop in their portfolio.

Click here for more details about our investment management 

Sources:

*TradingView. “Vanguard Total World Stock Index ETF”. TradingView. 9/5/2023. https://www.tradingview.com/chart/MeVFuzsD/?symbol=AMEX%3AVT

IMPORTANT DISCLOSURES: 

Educational use Only. The market update published by Breakaway Financial Group LLC (“Breakaway”) is intended to be educational in nature and is not intended to be a recommendation for any specific investment product, strategy, plan feature or other purposes. Accordingly, it should not be construed by any consumer and/or prospective client as solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation. 

Advertising and Marketing. Communications such as this are not impartial and are provided in connection with advertising and marketing. This material is not suggesting a specific course of action or any action at all. Prior to making any investment or financial decisions, an investor should seek individualized advice from a personal financial, insurance, legal or tax professional that takes into account all of the particular facts and circumstances of an investor’s own situation. No person associated with Breakaway is a licensed attorney or tax professional and the information contained herein should not be considered tax or legal advice. 

Links to Third Party Content. This Market Update contains links to articles or other information maintained by unrelated third parties. You acknowledge and agree to the following: All such information is provided solely for convenience purposes only because we believe that it may provide useful content. and all users thereof should be guided accordingly. We disclaim any responsibility for the link’s performance or interaction with your computer, its security and privacy policies and practices, and any consequences that may result from visiting it.  We do not control the content published by the third-party; we do not guarantee any claims made on it, nor do we endorse its sponsor or any of the content, policies, activities, products or services offered by any advertiser on the site. Breakaway assumes no liability for any inaccuracies, errors or omissions in or from any data or other information provided by the third party and inclusion or reference by Breakaway to any third party link should not be construed by any consumer and/or prospective client as a solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. 

Important Information regarding Registration Breakaway Financial Group, LLC and/or Patrick Traverse offer investment advisory and financial planning services through Belpointe Asset Management, LLC, (“Belpointe”) 500 Damonte Ranch, Parkway Building 700, Unit 700, Reno, NV 89521, an investment adviser registered with the Securities and Exchange Commission (“SEC”). Registration with the SEC should not be construed to imply that the SEC has approved or endorsed qualifications or the services Belpointe offers, or that its personnel possess a particular level of skill, expertise or training. It is important to read disclosures pertaining to Belpointe Asset Management at this link https://belpointeasset.com/disclosure/.  Additional information about Belpointe and Patrick Traverse is available on the SEC’s website at www.adviserinfo.sec.gov.

Picture of Blake Traverse

Blake Traverse

Table of Contents

Recent Posts

Sign up for our Newsletter

IMPORTANT DISCLOSURES:
The information provided is intended to be educational in nature and is not intended to be a recommendation for any specific business or tax strategy, plan feature or other purposes. Accordingly, it should not be construed by any consumer and/or prospective client as solicitation of services.

Communications such as this are not impartial and are provided in connection with advertising and marketing. This material is not suggesting a specific course of action or any action at all. Prior to making any business or tax planning decisions, an individual should seek individualized advice from a personal financial, tax, legal, or business consultant professional that takes into account all of the particular facts and circumstances of an individual’s own situation. No person associated with Breakaway Financial Group LLC is a licensed attorney, and the information contained herein should not be considered legal advice.