12:00 TUESDAY – Bi-Weekly Market Report #245 – 9/03/24
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).
It is almost certain that the Fed will cut interest rates on September 18. Since August 5th (a Monday in which the market declined 1034 points due to low job growth) the market performed strongly. With today’s decline of 626 points in the DJIA (also on Monday) the market was again focused on an economic downturn, so it is still wise to be cautious.
My outlook is cautious at 5.0, yet I am nearly fully invested. The big picture is neutral in my view because the US economy could gradually contract before interest rate cuts have much effect. I stand ready to make portfolio changes as warranted. Staying vigilant in these uncertain times is paramount.
THESE ARTICLES MAY BE OF INTEREST: This chart shows how the stock market has performed from Labor Day to year-end (msn.com) Note: 70% is considerably outside the norm.
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 and I’ll reply with the information you need.
TO MY CLIENTS … THANK YOU FOR YOUR TRUST.
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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