Lion

MARKET UPDATES

Directly from Dexter Lyons, Portfolio Manager

Market Update: 09-16-19

The Issachar Fund (LIONX), is essentially in CASH until the dust settles!  All positions were under pressure last week as rates rose, so I liquidated all bond exposure.  The long-term treasury bond dropped over 6% last week as the market digests a potentially less-dovish (lower rates) Fed.  I believe the market was expecting the Fed to lower rates ½ point this Wednesday but now the market seems to be expecting a ¼ rate cut instead.  I believe this readjustment of expectations is causing a lot of disruption/volatility in the stock …

Market Update: 09-09-19

The Issachar Fund (LIONX), is fully invested in Muni Bonds, Mortgage Bonds, International Bonds and Gold.  I reduced our bond exposure last week due to a spike in rates which caused our bond positions to decline in value.  I did not sell our gold position, but it is on my sell “watch” list in case I am wrong.  I was expecting gold to “correct” because it was extended and due for some type of consolidation.  However, I believe gold is under long-term institutional accumulation (near 6-year high) as QE expands …

Market Update: 09-03-19

The Issachar Fund (LIONX) (BRI, Risk Managed, Trend Following, Alternative Hedge Fund Like Mutual Fund, seeking low-correlation) is fully invested in Muni Bonds, Mortgage Bonds, International Bonds and Gold.  Our current positions have performed well.  I am a “trend follower” at heart which means I look for up-trends (mainly) or down-trends and try to position LIONX with the major trend.  By prospectus, LIONX can pretty much invest wherever I believe we can achieve a good risk-adjusted return.  My risk management style historically tends to error on the side of caution …

Market Update: 08-26-19

The Issachar Fund (LIONX) - Risk Managed BRI - is fully invested in Muni Bonds, Mortgage Bonds, International Bonds and Gold.  I increased allocations to our bond position by adding a mortgage bond ETF last week as my bond conviction level increased.  I am concerned with the current annualized growth rates of our positions, but I believe we are seeing a “flight to quality” that could last longer than we have been accustomed to.  Investors appear to be selling riskier stocks and buying bonds in anticipation of lower rates.  Lower …

Market Update: 08-19-19

The Issachar Fund (LIONX) - Risk Managed BRI - is fully invested in Muni Bonds, International Bonds and Gold. I sold all stock positions as the stock market tested the 8/5/19 low and stops were triggered.  Muni bonds and gold have been performing well as interest rates continue to decline and investors run for cover.  Muni bonds were trending higher at about a 12% annualized rate from November to the end of July, but they are now trending at almost four times that rate.  Consequently, I am a little concerned …

Market Update: 08-12-19

The Issachar Fund (LIONX) is fully invested in Muni Bonds, International Bonds, Growth Stocks, and Gold.  I added a few more growth stock positions (15%), an international bond ETF (20%) and I sold the preferred stock ETFs due to a stop loss being triggered.  Munis and gold continue to act very well in this low interest rate environment especially given the prospect of even lower rates around the globe.  I do not see  any indication of a lower rate trend reversal at this time.  While higher rates are hard to …

Market Update: 08-05-19

The Issachar Fund (LIONX) is fully invested in Muni Bonds, Preferreds, Stocks, Small Cap Index Short and Gold.  I added a few more long stock positions that were exhibiting signs of institutional accumulation after delivering a “surprise” earning report.  I kept the index short and gold positions on as a hedge incase the market heads lower.  Gold has not traded this high since 2014 and I would not have a problem adding to our gold position if I see signs of “big” demand.  Our muni and preferred stock positions have …

Market Update: 07-29-19

The Issachar Fund (LIONX) is fully invested in Muni Bonds, Preferreds, Stocks, Small Cap Index (Short) and Gold.  Munis and Preferreds continue to perform well in this current environment of lower rates and I expect rates may keep declining in the near future.  I added 12 growth stocks to the portfolio and a small cap index short as a potential “hedge” against the entire portfolio.  Speaking of a “hedge”, gold has held up quite well in spite of a rising dollar, and I expect gold may move higher if the …

Market Update: 07-22-19

The Issachar Fund (LIONX) is fully invested in Muni Bonds with a small allocation in Preferreds (25%) and Gold (5%).  Munis and preferred stocks are still acting well in anticipation of lower rates.  Gold has not been this high since March of 2014.  Higher gold prices might be indicating that investors are finally concerned with the rapid rates of currency devaluations occurring around the globe.  Gold has historically been viewed as a “safe haven” in times of fear and panic but I do not think that is why gold is …

Market Update: 07-16-19

The Issachar Fund is fully invested in Muni Bonds with a small allocation in Preferreds (20%).  I sold our stock positions to lock in some short-term gains and purchased a Gold ETF that tracks the price of gold bullion.  Gold has been trending higher likely due to a potential dollar devaluation from excessive Quantitative Easing (QE) or creating money out of thin air.  Gold and Bitcoins are attracting a lot of interest and investment capital as virtually all major developing country currencies are losing purchasing power due to massive currency …

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