12:00 TUESDAY – Stock Market Report #203 – 4/11/23
by Robert Holman | www.DefensiveAdvisor.com
STOCK MARKET RATING … 3.5 (0-4 bearish, 5 neutral, 6-10 bullish). I do not foresee a financial crisis, at this time, but, one has to wonder, are bad commercial real estate loans - commercial real estate is already in a recession – going to precipitate the next banking event?
Not much to say this week. The big news comes tomorrow afternoon with the release of the March inflation numbers. If you understand the inflation calculation, recognize that inflation comes down slowly. Why? Each month one number is added and one number is dropped, so 10 months of data remains unchanged, and the mass of the ten unchanged months outweighs the impact of the two new months. And, it’s the annual number that must get down to 2%, or the monthly rates of increase must show 2% for three consecutive months, to give the Fed confidence that inflation is running at a 2% rate.
Just a short note on my investment philosophy --- I don’t try to PREDICT the FUTURE trends; I try to ADJUST RISK to the CURRENT trends. That’s a significant difference.
Now, just a few random thoughts …
Here’s an interesting comment from Charlie Munger --- The world is not driven by greed; it is driven by envy. It’s why God came to Moses and told him to tell us that we should not envy (covet) our neighbor’s house, etc.
From Merriam Webster Dictionary --- covet. Verb: to wish for greatly or with envy. Examples: covet another's success or covet a friend's possessions. Produces: a strong envious wish, desire or aim for what belongs to another, which comes from feelings of longing or lack.
Thought --- if only these processes produced a universal response to either seek self-improvement and/or to work harder for what you want or what you feel you need. If only!
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, I’ll do a complimentary portfolio evaluation, and I’ll explain what ought to be done to help your situation. If you want to get started right now, just click here and input your portfolio holdings and I’ll call 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.
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Excelsior Divitiae. Learn from the Bible: Deuteronomy 10:14 and Psalm 24:1 (taken together), Genesis 12:2-3, Proverbs 15:22, 21:5, 22:3 and 27:12, Ecclesiastes 8:7, Joshua 1:9, Proverbs 3:5-6, Ephesians 1:17, Jeremiah 29:11, 1Chronicles 29:11-13, and 1 Chronicles 12:32. I recommend you read them in this order.
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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.