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 occasional volatility. We will probably experience 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 moved the April 15 tax filing deadline to May 15.
MARKET CONCLUSION. No change. Again, I don’t have much to say. The future looks encouraging for the economy and for stock prices. The primary concerns are inflation and interest rates, both increasing from excessive government spending. Enjoy, while it lasts.
FOR PROSPECTIVE CLIENTS – Your thoughts open or close opportunities constantly - what if the successful are thinking differently than you solely because you have less information and knowledge? HWM manages risk in your portfolio by taking defensive action in times of difficulty, seeking to not give back profits to the market. We attempt to build your profits as opportunity presents itself. 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.
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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.