Downgrade Preparations Continue

Our July 27 post, How Will A Downgrade of U.S. Debt Impact Stock and Bond Prices?, is obviously more relevant now. Since the news of Standard and Poor’s (S&P) downgrade of U.S. debt on Friday night, we have been reviewing the market’s current risk-reward profile and preparing for what should be another volatile week for investors. We will keep a very close eye on things and continue to reduce risk further if needed. We raised more cash in the majority of client accounts before the close on Friday.


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