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12:00 TUESDAY – Stock Market Report #173 – 8/2/22

by Robert Holman | The Defensive Advisor |

EQUITY MARKET RATING… 3 (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 soon.

EQUITY MARKETS and the ECONOMY The market has rallied a little bit over the past weeks. Technical indicators are trending toward the positive. This has brought much needed relief to investor worries and fears. However, I see this a little more than a brief bear market rally within an overall downward trend.

Interest rates have rallied in the bond market, which shows that the biggest of all big money believes any further Fed tightening will lead to an economic slowdown and an easing of rates, probably by the fourth quarter. So we could see a downward market for much of the third quarter.

There is significant investor concern that future earnings estimates are going to be lowered. Lower estimates will most likely bring the market down further. We have reduced our stock holdings significantly.

NOTE: Caring for my wife after her rotator cuff surgery has kept me away from writing this letter weekly. In addition, she suffered a pretty severe burn and that has set us back a bit. But this too shall pass.

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.

LINKS: My Story Strategy About HWM Contact Portfolio Assessment

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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