Market Update: 08-16-21

The Issachar Fund is fully invested in the Apparel, Chips, Machine, Medical, Metals, Real Estate, Retail, and Software Sectors. The Fed remains accommodative providing excess liquidity in the economy, and the stock market has been making progress.  I see no real warning signs of a market top or signs of higher risk that warrants going to cash, so we will ride the wave while it lasts.  Institutions create the waves/trends, and I try to follow them.  I have been selling a few laggard stocks and trading up to leaders that appear to be under institutional accumulation.  This has been rewarding, and I plan to keep tweaking positions as I find new stocks to buy.  Earnings have been coming in better than expected, and that presents new opportunities as stocks “pop” higher with new institutional buying. Some market sectors see nice upward moves as an infrastructure play, but I am not buying it.  I still cannot believe Congress will approve spending trillions on the “green new deal.”  If it passes, the market will likely continue trending higher, and our kids will probably have to pay the price for our irresponsible spending.  Either way, everything known to man will be reflected in “price,” and that is where I am focused.  I am optimistically bullish into the 4th quarter as this has been a seasonally strong time of year.  (There is no guarantee that any investment will achieve its objectives, generate positive returns, or avoid losses.)          

The Fed increased its balance sheet by $22 billion last week to another all-time high!  How long can the Fed keep printing money out of thin air?  As long as the market allows it!  Unfortunately, America is not the only Central Bank creating money with no real hard asset backing, so it becomes a race to see who can spend the most.  No one knows how long this money printing experiment will last, and we should not live in a state of fear.  I pray this Modern Monetary Theory experiment does not end with a crash causing life-changing losses while alive.  There is a lot of fear and division being spread through the media, so let’s focus on the truth. One should not operate from a position of fear.  Fear is not from God, and Jesus says, “fear not”!  Amen!   

Bottom Line: Issachar is fully invested!  I see no real warning flags of a market top, so we will ride the wave while it lasts.  I remain in the optimistic bull camp until my perception of risk changes.  By the Grace of God, let’s rejoice in the Love of Jesus and share that love with our neighbor.  Darkness lives until the light shows up, so let’s choose to be the Light we are!  

 Heaven and earth will pass away, but my words will not pass away. Matthew 24:35

Links: Fact Sheet Performance Blogs Strategy My Story Docs BRI/ESG

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Issachar Fund. This and other important information about the Fund are contained in the Prospectus, obtained by calling 1-866-787-8355 or visiting www.IssacharFund.com.  The Prospectus should be read carefully before investing. The Issachar Fund is distributed by Northern Lights Distributors, LLC., member FINRA/SIPC.   Horizon Capital Management Inc. (HCM) is not affiliated with Northern Lights Distributors, LLC. 

Important Risk Information: Mutual Funds involve risks, including the possible loss of principal.  An investment in the Fund may not be appropriate for all investors.  The Fund may hold cash positions when the Adviser feels that the market is not producing returns greater than the short-term cash investments in which the Fund may invest. There is a risk that the sections of the market in which the Fund invests will begin to rise or fall rapidly, and the Fund will not be able to sell stocks quickly enough to avoid losses or reinvest its cash positions into areas of the advancing market quickly enough to capture the initial returns of changing market conditions.  The Adviser’s judgment about the attractiveness, value, and potential appreciation of particular asset classes and securities in which the Fund invests may prove incorrect and may not produce the desired results. Past performance is no guarantee of future results.  Ratings are only one form of Fund performance and should not be used as the sole consideration in making an investment decision.  Opinions expressed are subject to change and are not guaranteed, and should not be considered investment advice. For more information regarding the fund, including current performance, please visit www.IssacharFund.com.   Review Code: 5506-NLD-08162021.

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Dexter Lyons