12:00 TUESDAY – Stock Market Report #121 – 6/29/21

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

INSIDE: Current market rating, the economy, and a free offer.

MARKET RATING … Not much change, now at 7 (where 0 - 4 is bearish, 5 is neutral, 6 - 10 is bullish). Interest rates are so low, and stock prices so high, that I’m cautious, not optimistic, but opportunistic. As predicted by this report in mid-March, Mr. Market is now moving sideways-up (sideways with a slight upward bias).

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 remains at-or-near 1.50%.

STOCKS … The reopening trade continues to dominate Mr. Market, with a good reactivation in tech. Picking stocks – the right names - that will perform strongly in this environment has been challenging recently, 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.