12:00 TUESDAY – Stock Market Report #111 – 4/20/21

by Robert Holman | The Defensive Advisor | www.defensiveadvisor.com

MARKET … 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. Mr. Market will most likely continue moving sideways-up, with volatility.

ECONOMY AND MARKETS … April numbers are showing significant improvement over 1st Quarter data. The most recent data for jobs and retail sales were outstanding. Everything is going pretty much as expected. The primary concerns are inflation and interest rates, both of which are increasing from excessive government spending. However, core inflation last months was 0.3%, while the 10-year T-Note rate remains around 1.6% +/- 0.05%. No significant economic numbers are will be released until late next week, and the markets could drift lower during the intervening time period, before responding to data releases in late-April, early-May.

MARKET CONCLUSION … No change. The future looks encouraging for the economy and for stock prices. Certain sectors will benefit more than others. Adjust your portfolio accordingly.

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FOR EXISTING CLIENTS - thank you for your trust. We’ve had great success since we started this RIA in 2018, up more than 60% in our medium risk portfolios after all income and expenses, and we are all looking forward to another great year in 2021.

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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.

#StockMarketInvestmentLetter • #InvestmentManager • #IndependentFinancialAdvisor• #12:00 Tuesday