Updated: Mar 16
by Robert Holman | The Defensive Advisor |
MARKET BULLISH … My opinion is 8 (0 - 4 is bearish, 5 is neutral, 6 - 10 is bullish). Not a lot of change this week. Continued volatility. Market moving sideways, with a lot of bold ups and downs. Despite the recent scare on 2/25, the market remains overbought, but bullish. The market is in an ongoing rotation away from old growth, and into new growth and value.
ECONOMY and MARKETS … Employment growth for February was strong, even though some prior months were revised downward. February data for consumer confidence from 2 sources was mixed, one up and one down. Manufacturing got stronger in February and Services got weaker. Retail sales comes out mid-month. Yet this is concurrent information, or is opinion influenced by current conditions. The market is looking the 2nd, 3rd and 4th quarters when the vaccine changes consumer behavior.
If you missed my writeup about interest rates, please go back and review the 2/28 eNewsletter.
CONCLUSION. A number of stocks in our portfolio are making new highs today. As a result of these factors, I’m be making a few changes in my client portfolios this month. Please call me at 972-702-6032 to see what I am doing in this scenario. Or, you may click on the link below to go to my website.
FOR NEW CLIENTS – HWM manages risk in your portfolio by taking defensive action in times of difficulty, seeking to not give profits back to the market. If you would like to have me look at the holdings in your portfolio, please phone 972-702-6032, and I will give you pointers on how you can improve your holdings to achieve better results. You can also email me.
FOR EXISTING CLIENTS - thank you for your trust. We had a great 2020 and are all looking forward to another great year in 2021.
For more information or prior letters, go to my website http://www.defensiveadvisor.com/blog
Opinions voiced in this post are for general information only and are not intended to provide specific advice or recommendations for any individual, without complete knowledge of that individual’s total financial profile. No strategy assures success or protects against loss. Past performance does not guarantee future results.