First Quarter 2020 Client Summary

By Chris Puplava
Chief Investment Officer, Financial Sense® Wealth Management

February 18, 2020

This is our new summary format of our quarterly client newsletter. You can read the full newsletter here.

Key Points:

  • U.S. and global monetary policy took a dramatic turn in 2019
  • Global economic growth likely bottomed in the fourth quarter of 2019
  • U.S. economic growth likely to slow further until the first or second quarter of 2020
  • Our highest conviction call for early 2020 is a weaker US dollar, with client accounts positioned accordingly
  • We have a bullish outlook for the first half of the year, and have increased equity exposure near maximum levels
  • U.S. political uncertainty will likely weigh on markets in the second half of 2020, which may lead us to move back to a neutral posture

Overall Asset Allocation


Asset Allocation Benchmarks


Specialty Objective Benchmarks



Asset Allocation Insights

To read our full first quarter 2020 client newsletter click here.

Best,
Chris Puplava
Chief Investment Officer
chris[dot]puplava[at]financialsense[dot]com

888.486.3939 Toll Free, 858.487.3939 Tel, 858.487.3969 Fax
Post Office Box 503147 · San Diego, CA 92150-3147
10809 Thornmint Road 2nd Floor · San Diego, CA 92127
www.financialsense.com

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