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The Northern Star Newsletter 6/15/20 - Relax & Breath



This is a brief statement from us to you in an attempt to prove additional personal touch and help you with critical and time-sensitive decisions as it pertains to your investments and financial health.  Please feel free to email me with any questions or concerns you may have after reading this. 

thanks and God bless!! 

Enjoy reading.

Jon M. McCardle
Summit Financial Group Of Indiana

MESSAGE FROM JON                                                  


   Relax & Breath

We have been speaking about the market's volatility and the potential for a retest of the March lows in our opinion since, well, March.  We do not know if today is the beginning of or a continuation of a corrective move down, no-one does.

These are some of the markers we have been looking for since the bottom:

  • The volume on the S&P 500 has essentially doubled since March.
  • Equities out performing gold these past nearly 2 months.
  • Spreads on bonds have begun to close in these past nearly 2 months.
  • The VIX had come down below 25 for a week or so before reversing back up this week.

The above mentioned improvements to the market data clearly showed in our opinion, that we have shifted from the acceptance phase to the recovery phase even though we had not seen a retest of the market lows like we had figured we would have.


What we saw as legitimate possibilities in our opinion:

  • The markets could & can still "retest" their lows of March.
  • The coronavirus new case count would likely rise with the lifting of the quarantine
  • We would see further progress on the vaccine or immune therapy front than we have seen thus far

What our thoughts are at this point:

  • We are still of the opinion that the worst part is behind us, i.e. the panic phase.
  • We are still of the opinion that while the markets COULD still retest their lows, we are still looking to realign accounts and continue with the buying of the stock strategy as previously indicated because our focus is NOT on the short-term, it is on the long-term and in 3-5 years, we will be in a much different place than we are today.
  • We are hopeful that this market condition retreats and becomes more aligned with reality than these past several weeks have shown
  • ALL of our models and conversations internally have continued to factor in the sudden retesting possibility that may or may not currently be unfolding so, this scenario and situation is not a surprise to us

Nothing else to do here but stay healthy and be kind to one another.  Lord knows we all could do with a little reprieve from the tensions and unrest as of late.



About Summit Financial Group of Indiana                            

Jon McCardle is the owner of Summit Financial Group of Indiana based out of Lafayette, IN.  Jon and his team specialize in keeping clients retired once they get there and helping everyone else get there quickly!


  Summit Financial Group of Indiana 4050 Britt Farm Dr Lafayette, IN 47905 866-582-5721 

Securities offered through Regulus Advisors, LLC. Member FINRA/SIPC. Investment advisory services offered through Regal Investment Advisors, LLC, an SEC Registered Investment Advisor. Registration with the SEC does not imply any level of skill or training. Regulus Advisors and Regal Investment Advisors are affiliated entities. Summit Retirement Advisors, LLC and Summit Financial Group of Indiana are affiliated entities. Summit Retirement Advisors, LLC and Summit Financial Group of Indiana are independent of Regulus Advisors and Regal Investment Advisors.

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