by Robert Holman | www.DefensiveAdvisor.com
STOCK MARKET RATING (THE BIG PICTURE) … 6.5 (1-4 bearish, 5 neutral, 6-9 bullish). We have entered a bullish phase with Fed Chairman Powell acknowledging that a monetary policy shift is ahead which will lead to multiple interest rate cuts in 2024.
The bullish market got far ahead of itself as investors clamored to get into the market beginning in mid-November and continuing through year-end. Patience is being rewarded as the market is now showing technical signs of a short-term peak. So, we are watching and awaiting developments as we formulate and review on 2024 next-steps.
PORTFOLIOS … After reading this report, if you are not sure what to do to take advantage of these conditions, you may go to: www.defensiveadvisor.com/contact to send me a secure email, and I’ll reply with the information you need.
TO MY CLIENTS … THANK YOU FOR YOUR TRUST. We’ve had great success since we started this RIA in mid-2018 and are doing better than the market since that period.
Learn from the Bible: Proverbs 15:22 MSG - Refuse good advice and watch your plans fail; take good counsel and watch them succeed.
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Opinions in this post are for general information only and are not intended to provide specific advice to, or recommendations for, any individual without our complete knowledge of that individual’s total financial profile. No strategy assures success or protects against loss. Past performance does not guarantee future results.