August 2023
401(k) Allocation

There are some minor tweaks.

By: Jake Eggett

The current market behavior suggests a Fed pause, ongoing decline in inflation, and sustained economic strength. However, if any of these assumptions prove to be incorrect, the market could experience another sell-off. Given the favorable market environment, our models have us fully invested in both our stock and bond portfolios; however, we acknowledge the presence of significant fundamental headwinds. We believe the key is to remain nimble so that we can navigate an ever-changing landscape in which longer-term fundamentals are in contrast with shorter-term market movements.

We made some minor tweaks to the Growth and Conservative allocations. The rest of the allocations stayed the same. Given that we have had two very strong months in a row, we wouldn’t be surprised to see the market take a breather as the current slope of the trend usually isn’t sustainable. As we cannot predict the future, our approach remains aligned with market dynamics, adjusting the allocations as conditions evolve.

As always, if you have any questions about how to rebalance your 401K, we encourage you to reach out to us!

MARKET UPDATE
FINANCIAL PLANNING
FRAUD ALERT

To download the August 2023 Newsletter: CLICK HERE

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