Lion

MARKET UPDATES

Directly from Dexter Lyons, Portfolio Manager

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 …

Market Update: 07-08-19

The Issachar Fund is fully invested in Muni Bonds with a small allocation in Preferreds (15%) and Stocks (5%).  Munis and preferred stocks are still acting well as they appear to anticipate further rate reductions. I added a small 5% position in a handful of stocks last week as I became more convinced that QE may not be ending anytime soon.  These five stocks have had great fundamentals of sequential quarterly earnings and sales increases along with attractive looking technical chart patterns.  I hope to be able to add to …

Market Update: 07-01-19

The Issachar Fund is fully invested in Muni Bonds and a small allocation in Preferreds.  I did not make any changes last week however, I do plan to make a few changes this week depending on my conviction level.  There are a few individual stocks in the software space that look attractive, but I want to see how they respond to the China trade news.  Muni bonds appear to still be under accumulation albeit at a slower pace but nevertheless there still appears to be more buyers than sellers.  Our …

Market Update: 06-24-19

The Issachar Fund is fully invested in Muni Bonds with a small allocation in Preferreds.  I continue to see money flowing into the muni bond space as investors seeking yield find a place to rest.  Munis have been trending higher at a low double-digit annualized yield since the beginning of November with low drawdowns.  I have my eyes on a few stocks that I would like to buy if they set up properly.  The preferred stock area also looks attractive and I plan to add to our positions if they …

Market Update: 06-17-19

The Issachar Fund is fully invested in Muni Bonds with a small allocation to Preferreds.  My conviction level in munis remains high with a moderate level of conviction in Preferred Stock ETFs.  Preferred stocks entitle the shareholder to a fixed dividend, whose payment takes priority over that of common-stock dividends.  Preferred stocks have a historical tendency to do well when bonds and stocks trend higher.  If the preferreds perform as expected, I plan to increase our exposure.  If things do not go as planned, I will not hesitate to do what is necessary …

Market Update: 06-11-19

The Issachar Fund is 195% invested with 70% in Muni Bond Mutual Funds, 123% in Muni ETFs and 2% in stocks.  My conviction level in muni bonds increased so I added to our muni exposure via Total Return Swaps.  We have a Total Return Swap agreement with a bank that charges us interest to buy the ETF in their account and we make or lose what the ETF returns.  I like to use leverage on muni and junk bonds whenever they are trending and when I perceive the risk/reward relationship is skewed in …