Video Transcript:
Hi, Jeff Thomas from Archetype here with another quick market update.
What a difference a day makes!!
After a steep market decline last week, the markets staged an astounding rebound yesterday with an upward move of over 5% in the Dow. This was the largest one day move since the financial crisis 11 years ago!
If you saw our video last Friday, you knew we needed a big rally to keep our fastest moving of our three dials, our Momentum Dial, in positive territory. Well, we got that in spades, so the result of our Investment Committee meeting last night was to make no changes to our asset allocation models.
Our goal at Archetype is to help clients achieve their objectives with the smoothest investment ride we can produce at each risk level. We do this by having a repeatable investment process that takes panic and guessing out of the equation—we are focused on Evidence not Opinion.
Rest assured, we will continue to watch our indicators closely and will let you know when we feel adjustments need to be made.
Thank you for your trust.