From the desk of Vance Howard:
The HCM-BuyLine® went negative on Friday, pushing us to reduce exposure to equities yesterday, and we will continue reducing exposure again today. There is a lot going on, not only from an economic point of view, such as the Fed raising rates 11 times and being embarrassingly behind on every decision, but also from a geopolitical perspective. Russia and Ukraine, China and Taiwan saber rattling, and Israel, our only true allies in the Middle East, against what appears to be everyone, as sad as it is.
This communication is issued by Howard Capital Management, Inc. It is for informational purposes and is not an official confirmation of terms. It is not guaranteed as to accuracy, nor is it a complete statement of the financial products or markets referred to. Opinions expressed are subject to change without notice. Howard Capital Management, Inc. may maintain long or short positions in the financial instruments referred to and may transact in them as principal or agent. Unless stated specifically otherwise, this is not a recommendation, offer or solicitation to buy or sell and any prices or quotations contained herein are indicative only. To the extent permitted by law, Howard Capital Management, Inc. does not accept any liability arising from the use of this communication. Howard Capital Management is an SEC-registered investment advisor which only does business where it is properly registered or is otherwise exempt from registration. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the advisor has attained a particular level of skill or ability. Past performance is no guarantee of future results.HCM-022223-WW05 (02/2023)