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12:00 TUESDAY – Stock Market Report #115 – 5/18/21

by Robert Holman | The Defensive Advisor |

INSIDE (2-minute read): Current market rating, a free offer, the economy, education, and the market.

MARKET My rating opinion is now 6.5 (0 - 4 is bearish, 5 is neutral, 6 - 10 is bullish) due to expected lower valuations (see below). The market is still overbought, overvalued and overdue for a pull-back of some type, so stay tuned.

ECONOMY Primary worries remain inflation, interest rates, and capital gains tax rates (for those making more than $1M annually). Increases in any of the three are highly likely to reduce stock prices.

My opinion is we are in an expansion that may take 2 years (rather than one) for a complete recovery to pre-Covid -- that would make 2022 a year of recovery, a continuation of 2021. Become a HWM client and I will help you navigate to your goals and objectives in these confusing times.

EDUCATION: 13-F FILINGS … A required quarterly report filing by all institutional investment managers with at least $100 million in AUM. It discloses the equity holdings (only required to report long positions and their put and call options, but not their short positions) of the biggest US investors, sort of a disclosure on a legged basis of what the “smart money” was doing. It sounds like a useful tool but no one at the SEC analyzes the content for accuracy and completeness, so it is generally classified as either: a) truthful; b) misleading; or c) incomplete information. Studies have shown the "widespread presence of significant reporting errors" (Source: SEC OIG and Harvard Law School).

THANK YOU TO MY EXISTING CLIENTS FOR YOUR TRUST. We’ve had great success since we started this RIA in mid-2018, up more than 60% in our moderate risk portfolios after all income and expenses.

FREE OFFER for PROSPECTIVE CLIENTS – Frequent communications with investors is a hallmark at HWM. If you would like to receive this weekly report, request my eNewsletter blog from the link below.

I will give you a complimentary portfolio evaluation, including an analysis of flaws and good ideas for improvements. Just contact me at my phone number 972-702-6032, email address, or by sending your contact information via the website link below.

Published every Tuesday at 12:00 noon. For more information on my investment and planning services, or to sign-up for my weekly e-Newsletters, visit my website: or

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


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