12:00 TUESDAY – Bi-Weekly Market Report #251 – 12/3/24

by Robert Holman, CFA CFP | www.DefensiveAdvisor.com
STOCK MARKET RATING (THE BIG PICTURE) … 7.0 (1 - 4 is bearish, 5 is neutral, 6 - 9 is bullish). I would be more bullish, except the market has already reached very high valuations. Savvy investors like Warren Buffett and others have sold many positions without reinvesting the funds (some stocks have been owned for so long they are unwilling to sell because of taxes that would have to be paid). Respected pundits almost universally agree that the bull market has further to run – so I’m trusting the assessment of my peers. Following the crowd – up to a point – can be lucrative.
As I have written in these reports, I remained fully invested even with a guarded outlook, and have been rewarded for doing so. However, I’m forcing myself to be disciplined and am standing ready to sell. It is prudent to acknowledge the higher risks, even if prices continue increasing. It keeps one ready to reverse course should conditions warrant.
I’ve wanted to reinvest funds for clients who sold before the elections, and who wanted to reinvest once prices cycled up/down/up, or since around November 21. But, prices have not declined to any significant extent to produce a good entry point, which is essential since no one knows what will happen next – good or bad. So patience is required and almost certainly will be rewarded.
THIS ARTICLE MAY BE OF INTEREST: (ctrl and click simultaneously)
World's Largest Gold Deposit Worth $80 Billion Discovered in China: Reports - Newsweek Note: 2000 meters is about 1.2 miles deep
PORTFOLIOS … After reading this report, if you are unsure how to respond to these conditions, you may send a message to my Secure Email and I’ll reply with the information you need. I’ll also give you a free portfolio assessment, see the link below.
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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