The Issachar Fund is invested in the Apparel, Business Services, Chips, Finance, Internet, Leisure, Medical, Retail, Software, and Transportation Sectors. I am still tweaking the portfolio by selling laggard stocks and buying leaders that appear to be under accumulation. The major indexes fell hard last Monday below the 50-DMA but rebounded nicely to slightly above the 50-DMA by Friday. This positive action tells me the bulls still have a little gas left in the tank to keep us going in the right direction…. higher. The junk bond market is trading above its 50-DMA, indicating a “risk-on” environment telling me that investors still have an appetite for risk. Big leading growth stocks are showing signs of institutional buying as their prices break out to all-time highs on above-average volume. These high-volume breakouts indicate to me that this bull run is not done, and we could be setting up for a great 4th quarter rally to new highs. (There is no guarantee that any investment will achieve its objectives, generate positive returns, or avoid losses.)
The Fed did it again last week and created another $41 billion out of nothing! I am not complaining because most newly printed money will likely find its way into the stock market, keeping many stock boats afloat. However, I believe there will be a day of reckoning when the Fed slows its printing presses, and the market blows a fuse, but we are not there yet. Until the Fed gives a date that it will “taper” its bond-buying or whispers that it might raise rates, I will likely remain bullish because the market is hooked on the Fed’s artificial “fake” liquidity. I honestly hope they do not stop flooding the market with new cash in my lifetime, but if they do, I stand ready to do what is necessary to avoid any life-changing losses for shareholders in Issachar. My faith is in God, and his wisdom will never lead us in the wrong direction.
Bottom Line: The leaders are leading, and I am all in expecting the uptrend to continue, so let’s enjoy the ride while it lasts. I can’t control what the market does, but I can control what I do in response to the market’s action. For now, the market is telling me that the bulls are still in charge. Growth investors are being rewarded for taking risk, so that is where we are for now. Never forget, God is love, and Jesus loves you no matter what you do or don’t do (unconditional love).
The Issachar Fund is 100% committed to Biblically Responsible Investing (BRI) stocks.
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: 5539-NLD-09272021.