12:00 TUESDAY – Bi-Weekly Market Report #231 – 2/27/24
by Robert Holman | www.DefensiveAdvisor.com
STOCK MARKET RATING (THE BIG PICTURE) … 6.5 (1-4 bearish, 5 neutral, 6-9 bullish).
The rally in big tech and financial sectors continues, although big tech momentum is moderating. Industrials are also showing strength, as are the healthcare and transportation sectors.
One has to wonder how much higher corporate earnings and stock prices can go without a cooling-off period. Are we nearing a topping-out period? I’m maintaining my moderately bullish outlook - as I think prices can and will move higher - but I’m remaining reasonably cautious because valuations are rich.
The PCE release on Thursday could be very important. The expectation is for a moderate cooling in the pace of inflation, which after an initial positive response, will probably end up largely uneventful for the market.
MAY BE OF SOME INTEREST: 'I could've been set for life': This former Goldman Sachs analyst says his family of 4 can't live comfortably on $230K a year after buying 'forever home.' Is the American dream out of reach? (msn.com)
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.