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12:00 TUESDAY – Stock Market Report #193 – 1/17/23

by Robert Holman | The Defensive Advisor |

STOCK MARKET RATING … 5.0 (0-4 bearish, 5 neutral, 6-10 bullish), my assessment of present and future market conditions remains unchanged at “neutral”.

Objective: Make this an actionable report that is a short 2-3 minute read.

Use: Review this report, then make your own investment decisions, or contact us for help

Although bad earnings reports from Goldman Sachs and Travelers, both Dow stocks, are bringing the markets down today, the market had been showing signs of positivity. It seems like the market may have made a little bit of a shift lately. Most investors feel that 2023 has a chance of being an up year (good riddance 2022!) but that increase may come in the second half of the year.

A week ago, Fed Chair Powell spoke about needing to raise interest rates higher for longer. This is to be expected until job growth diminishes, and wage increases moderate. Then …

  • the jobs report was strong, but better than feared by the market, so the market moved up.

  • a statement made by one of the Fed governors indicated the extent of rate hikes will be less than generally believed. The market loved that and was in an uptrend until today.

  • While these are positive developments, they are also somewhat confusing.

o The jobs report seems to be too strong for Powell; and

o The Fed comment, which was merely indicating future increases would be 25bps, seems to have been misinterpreted to mean more than that.

The CPI report last week was accepted well by the market as its increase was as expected.

PORTFOLIOS … After reading this report, if you are unsure how to position your portfolio to take advantage of these conditions, 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 since that time period.

Excelsior Divitiae.

Learn from the Bible: Proverbs 15:22, 21:5, 22:3 and 27:12, Ecclesiastes 8:7, Joshua 1:9, Proverbs 3:5-6, Ephesians 1:17, 1Chronicles 29:11-13, and 1 Chronicles 12:32. I recommend you read them in this order.

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: OR

Opinions in this post are for general information only and are not intended to provide specific advice to, or recommendations for any individual, without our 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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