Market Update: 06-28-21

Subject: Growth Looking Good!       Liquidity Still Strong!   

The Issachar Fund is almost fully invested in growth stocks with strong fundamental and technical chart patterns!  I am seeing value stocks take a rest and growth stocks getting back in the game.  Yes, there is a lot of rebalancing and quarter-end window dressing where portfolio managers buy stocks with the biggest gains to make their portfolios look good.  However, I still like what I am seeing and how it is impacting Issachar’s bottom line.  This could be a time for Issachar to play catch-up, and I welcome the challenge as the economy continues to reopen.  (There is no guarantee that any investment will achieve its objectives, generate positive returns, or avoid losses.)

The Fed continues to print more money, over $37 billion last week, and no one seems to care!  I believe the Fed will continue to create money until the market says it has had enough.  However, I see no warning signs, so let’s keep dancing at the party while it lasts.  Junk bonds are trading above their rising 50-day moving average, indicating that investors still have a strong appetite for risk, so it’s “risk-on” for now.  The news tells us what is happening, but the 10-year yield tells us what may happen.  The lower 10-year Treasury yields tell me that inflation may indeed be “transitory,” just like the Fed has been telling us.  There has been robust demand for our five- and seven-year Treasuries at recent auctions, so that means me, investors, still want our paper. Our Treasury yields are higher than other developed countries, so global investors needing higher yields have been flocking to our Treasury markets.

Bottom Line: Issachar is near fully invested in stocks with strong fundamental and technical chart patterns that appear to be under accumulation.  Growth stocks appear to be leading while Value and Cyclical stocks may be taking a breather which could be favorable for Issachar.  The Fed continues to print more and more free money, which gives me conviction that we are well-positioned.  Only by God’s Grace do I get to pursue my passion of managing money, and I pray that you are pursuing your God-given passions.  Thanks for Your Trust and Business, and may God Bless you and your loved ones!      

Whether you eat or drink, or whatever you do, do all to the glory of God.   1 Corinthians 10:31   

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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, which can be obtained by calling 1-866-787-8355 or visiting https://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: 5306-NLD-6/28/2021.

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