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Our strategic research partner is calling for the end of Phase 4 and the beginning of Phase 5. Phase 4 is called the “Countertrend Pullback.” Phase 5 is called a “High Conviction Rally.” Is the equity Bull about to be re-awakened?

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As always, please feel free to contact me with any questions or concerns.

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For information on Alhambra Investment Partners’ money management services and global portfolio approach, Douglas R. Terry, CFA is reachable at: dterry@4kb.d43.myftpupload.com

This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy, or investment product.