May 2, 2022
(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.
