Index Downtrend Continues! The Issachar Fund is about 50% invested and looking good in 2022! I took some profits in a few stocks that reached our 20% profit goal and purchased 20% more stocks that met my criteria. Fundamentally, I look for stocks with accelerating earnings and sales and double-digit earnings estimates for next year. Technically, stocks should be coming out of sound base chart patterns with signs of institutional accumulation. There have been plenty of stocks to buy in the energy, agriculture, and transportation areas of the market, and that is where I have been focused. Traditional growth stocks in the tech and retail areas are not being rewarded during this market cycle of higher inflation, so I have stayed away from these areas. However, the commodity space has been rewarding us, and it could continue longer than most expect. I took a gold and the dollar position as both have been trending up on above-average volume. Cryptocurrencies have not served as a haven, but gold appears to be acting as an inflation hedge. All major indexes are in double-digit downtrend losses for the year, and I pray higher inflation does not throw us into a recession. (There is no guarantee that any investment will achieve its objectives, generate positive returns, or avoid losses.)
The Fed increased its balance sheet by $6 billion last week, which tells me they are not too concerned about inflation! The Fed has created a bubble of liquidity since 2008, and they will likely increase rates by ¼% on Wednesday seeking to tame inflation. However, what impact will raising rates ¼% have on the economy if they keep printing money. Since we have about $30 trillion of debt, I would not be surprised to see the Fed issue its own digital currency, drop rates below zero to devalue the dollar and then regulate what we can and cannot purchase with our digital coins. We live in difficult and interesting times, and I believe the country is going in the wrong direction towards socialism which will not be good for the masses. Please pray with me for God to raise up Godly men and women to lead us back to our founding principles before it is too late.
Bottom Line: Issachar is doing well this year, but the economy may have issues due to high inflation and bad leadership. Buying oil from foreign countries instead of removing drilling restrictions to increase domestic production is a bad policy, in my opinion. However, I believe God is still on the throne, working all things for our good.
We know that all things work for good for those who love God, who are called according to his purpose. Roman 8:28
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: 5265-NLD-03/14/2022.