Our model research indicates a negative outlook for European, Japanese and Emerging Market equities. U.S. equities remain overvalued despite the S&P 500 index decline of over 10% from its mid-February high. The model’s preference in fixed income continues to favor intermediate-term U.S. Treasuries. Gold and U.S. Treasuries provide the potential for upside opportunity and downside protection should the equity markets continue to sell-off.
DISCLOSURES: The opinions expressed in this Podcast are those of Fritz Folts and Eric Biegeleisen of 3EDGE Asset Management (“3EDGE”). They are provided for informational purposes only and are subject to change without notice. Their opinions are not intended to provide personal investment advice and do not take into account the unique investment objectives and financial situation of the reader. Investors should only seek investment advice from their individual financial adviser. Mr. Folts and Mr. Biegeleisen’s observations include information from sources 3EDGE believes to be reliable, but the accuracy of such information cannot be guaranteed. Investments including ETFs, common stocks, fixed income and commodities involve the risk of loss that investors should be prepared to bear. Past performance may not be indicative of future results.