by Robert Holman | The Defensive Advisor |
MARKET BULLISH … My rating opinion remains 8.0 (0 - 4 is bearish, 5 is neutral, 6 - 10 is bullish). The market remains bullish, but overbought and overvalued. You can expect Mr. Market to continue moving sideways and sideways-up, with a lot of volatility, both bold ups (on earnings and guidance) and downs (on 10-year T-Note rate increases).
IRS NEWS: In case you missed it, the IRS has pushed the April 15 tax-filing deadline to May 15.
MARKET CONCLUSION. No change. Not much else to say. Monday’s rally was a response to the outstanding jobs report on Friday. Jobs drive consumer spending and the economy. Fiscal stimulus and coronavirus inoculations, etc. are also pushing consumer confidence and consumer spending to post-covid highs. Stimulus checks address the economic contraction from coronavirus and the growing number of complete vaccinations bring about consumer-led economic growth. The future looks encouraging for the economy and for stock prices. Enjoy, while it lasts.
FOR PROSPECTIVE CLIENTS – Your thoughts open or close opportunities constantly - what if the successful are thinking differently than you? HWM manages risk in your portfolio by taking defensive action in times of difficulty, seeking to not give back profits to the market. Over the last 24 months, it’s a 1% cost with a much greater benefit. Please phone 972-702-6032, and I will return your call with an explain of what I can do for you. You can also email me from my website.
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.