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 market is proceeding cautiously ahead. The date for the first interest rate cut is uncertain, although some say March, which seems too early to me.
Over the last six months, the big Techs have rallied better than any other sector. Their valuations are high but moving higher. They have been followed closely by the Financial Group. Both are being helped by expectations for interest rate cuts. A much more distant third and fourth in relative sector performance are Industrials and Health Care.
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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 have done 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. They 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.