Author - Dexter Lyons

Market Update: 05-28-19

The Issachar Fund holds 115% in Muni Bond Mutual Funds (70%) and ETFs (45%).  The stock market peaked on October 3rd and High Yield Muni Bonds bottomed on October 10th and they have been trending higher (double-digit annualized rates) ever since.  Maybe the bond market was predicting that if the Fed raised rates like they indicated, the...

Market Update: 05-20-19

The Fund holds 15% in Muni Bond ETFs and 85% in Cash.  I like what I am seeing in the muni bond space, especially high yield muni bond ETFs and mutual funds.  I added two muni ETFs as a starter position with plans to possibly add more if things work out the way I anticipate.  I typically “test the waters” with small positions...

Market Update: 05-13-19

The Fund holds 100% in short maturity cash equivalents.  Cash is a position!  I sold all stock positions last week as the market declined following a Trump Tweet promising to raise tariffs on Chinese imports by Friday if the Chinese did not give into his demands.  The market lost about 2% last week.  When the market is not...

Market Update: 05-06-19

The Fund holds about 85% in short-term bonds and about 15% in stocks.  I sold stocks that were not performing as expected last week and purchased new ones which appear to have strong fundamentals and sound technical chart patterns.  It has been a frustrating year for risk managers, but I am confident that my strategies can keep us out of...

Market Update: 04-29-19

The Fund holds about 85% in short-term bonds and about 15% in stocks.  I added to our stock positions last week and I expect to increase stock exposure this week if earnings come in better than expected.  A few leading growth stocks were crushed after releasing negative earnings and guidance last week, but I am finding many more leading...

Market Update: 04-23-19

The Fund is about 95% invested in short-term bonds.  I sold stocks as sell limits were triggered as money appears to be flowing out of growth.  It has been a difficult environment for growth investors as leading stocks after the 12/23/18 low get hit with waves of selling due to profit-taking and short-selling which tend to suppress...