WealthTrust: Reducing Risk As Earnings Guidance Looks Soft

(WealthTrust) This is a short update to let you know that we have reduced risk in the equity position for our strategies.

We currently have approximately 25% in cash and recently sold some of our technology and interest-sensitive positions.

Preservation of capital is currently my goal but will deploy the cash once the direction of the market starts trending up.

As you know, I believe earnings surprises are significant and most companies have beaten their estimates this quarter. The problem is that some companies' forecasts for future earnings are not convincing.

On a positive note, our current forward-looking P/E is the lowest I've seen in years.


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