by Robert Holman | The Defensive Advisor |
MARKET BULLISH … My rating opinion is 8 (0 - 4 is bearish, 5 is neutral, 6 - 10 is bullish). The market remains bullish but overbought. You can expect Mr. Market to continue moving sideways and sideways-up, with a lot of volatile, bold ups and downs.
ECONOMY and MARKETS … February retail sales declined, as did several other February data releases. The market declined a bit in reaction to the retail sales news. But, it seems like the drop would have been larger, except that new stimulus checks are on the way to consumers. The market is looking forward to the 2nd, 3rd and 4th quarters when the vaccine changes consumer behavior.
The key concern in the markets continues to be inflation, interest rates and as always, employment. Add to that stock price levels compared to earnings (valuations). If you missed my writeup about interest rates, inflation and unemployment, please go back and review the 2/28 eNewsletter.
CONCLUSION. As a result of the factors above, I’ll be making a few changes in my client portfolios sometime this month. Please call me at 972-702-6032 to discuss your portfolio, or to see what I am doing for my clients in this scenario. Or, you may click on the link below to access 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 on my investment and planning services, or to view prior letters, please visit 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.