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12:00 TUESDAY – Stock Market Report #172 – 7/19/22

by Robert Holman | The Defensive Advisor |

EQUITY MARKET RATING…2.5 (0-4 bearish, 5 neutral, 6-10 bullish). There is a bull/bear battle that continues weekly.

TODAY’s TOPIC (a continuing series) I will pick up this series again next week.

EQUITY MARKETS and the ECONOMY The market has rallied a little bit over the past 4 weeks. Technical indicators are trending toward the positive. If this continues for a while, it will bring much needed relief to investor worries and fears. Yesterday the market started out with a big rally, but as the day went on that faded, and the day ended up a down day. Bulls and bears are still battling. However, it’s a good sign that the market is starting out today with another strong up day, it shows bulls have a bit of conviction.

There is significant investor concern that earnings estimates are going to be lowered over the coming 4-week period. Lower estimates will most likely bring the market down further. Most people spend everything they make; few people build cash savings (except for 401-K and similar retirement accounts). So, higher gas and food prices rob consumer money that would otherwise be spent on other goods and services. This leads to lower earnings and lower stock prices. That’s what we have reduced our stock holdings so much.

Core CPI Inflation (excluding volatile food and energy price indexes) can be seen below. Maybe investors are beginning to look at the underlying trend in less volatile price indexes, which is coming down. Mar Apr May Jun

6.5% 6.2% 6.0% 5.9%

NOTE: It’s been 4 weeks since I last published this weekly. Caring my wife after her rotator cuff surgery kept me away from writing this weekly. She is now in PT, and is a bit more independent, and that has freed up an hour+ per day for me to resume writing again.

PORTFOLIOS … After reading this report, if you are unsure what to do with your portfolio, call me to discuss your circumstances and I’ll explain what ought to be done to help your situation.

If you would like a complimentary portfolio evaluation, just click here and we will explain what’s good about your portfolio, what you should consider changing, and how it’s likely to perform in upcoming months, all at no cost to you.

TO MY CLIENTS … THANK YOU FOR YOUR TRUST. We’ve had great success since we started this RIA in mid-2018 and are doing better than the market return over the same time period.

Excelsior Divitiae. Proverbs 21:5, 22:3, 27:12 and 3:56, Joshua 1:9, Ecclesiastes 8:7, 1Chronicles 12:32 and 29:11-13, and James 4:13-16.

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

Opinions voiced in this post are for general information only and are not intended to provide specific advice to 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.


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