A 10:50pm EDT “Brexit vote” update: The “Leave” camp has an early lead and world markets are in a tailspin. US Dow Jones Industrials Average futures show a loss of 397 points. It is still early in the vote counting process and things could be radically different by the time our markets open on Friday morning.
If things stay as they are (or worsen), the large cash positions we currently have in our various TPM portfolio strategies will serve our clients well at the open tomorrow.
Stay tuned. Oh, and keep that coffee on.
Have a Triumphant day! ®
The information in this article is based on data obtained from recognized services and sources and is believed to be reliable. Any opinions, projections or recommendations in this report are subject to change without notice and are not intended as individual investment advice. Not to be used as legal or tax advice.
©2016 Triumphant Portfolio Management, LLC.
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This information is not intended to be a substitute for specific individualized advice. The TPM strategies cannot assure a profit nor protect against loss. Inherent limitations and market conditions may affect the performance of portfolios in any given market environment. Past performance does not guarantee future results. Investors should consider the investment objectives, risks, charges, and expenses associated with any investment strategy.
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