by Robert Holman | The Defensive Advisor | www.defensiveadvisor.com
INSIDE: Current market rating, the economy, and a free offer.
MARKET RATING … My current opinion is more cautious than earlier this year, now at 6.5 (where 0 - 4 is bearish, 5 is neutral, 6 - 10 is bullish). As predicted by this report in mid-March, Mr. Market is now making sideways to sideways-up moves, rather than the more profitable upward moves it was making earlier this year and last year.
THE ECONOMY … Primary worries remain inflation and interest rates – the most current core-CPI reading was 3.8% in May, following 3.0% in April, and 1.6% in March. The bond market views these increases as temporary, as the rate on the 10-year Treasury note has declined in recent weeks.
The Federal Reserve is meeting now, and tomorrow afternoon they will announce whether-or-not they will decrease injecting money into the economy, which will begin a process of increasing interest rates. Many investors believe the Fed will not announce a change in policy at this meeting but will sometime between July and September.
STOCKS … Picking stocks that will perform strongly in this environment is challenging, yet good opportunities still exist. Selection and timing are important. Capital gains will likely be coming slower than in the immediate post-Covid environment.
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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.