12:00 TUESDAY – Bi-Weekly Market Report #244 – 8/20/24
by Robert Holman | www.DefensiveAdvisor.com
STOCK MARKET RATING (THE BIG PICTURE) … 5.0 (1 - 4 is bearish, 5 is neutral, 6 - 9 is bullish).
There is widespread expectation that the Fed will cut rates on September 18. The market has been unusually strong following the selloff on Monday, August 5. The S&P 500 rose for 8 straight days, although it is unlikely to do so today.
While my outlook is cautious, I am nearly fully invested. I stand ready to make changes as warranted. I’m saying the big picture is neutral because I’m just concerned with the high level of stock prices and uncertainty regarding future economic activity. I’ve made portfolio adjustments which have helped. Staying vigilant in these uncertain times is paramount.
THESE ARTICLES MAY BE OF INTEREST: Nothing to report at this time.
PORTFOLIOS … After reading this report, if you are unsure how to take advantage of these conditions, you may send a message to my Secure Email (control-click on the link at left) 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.
This report is a 2-3 minute read, published every other Tuesday afternoon. To sign up for this bi-weekly e-Newsletter, go to: Newsletter Signup.
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.
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