top of page
Search

12:00 TUESDAY – Stock Market Report #209 – 5/23/23

by Robert Holman | www.DefensiveAdvisor.com


STOCK MARKET RATING … 4.0 (0-4 bearish, 5 neutral, 6-10 bullish). No change.


Congressional debt ceiling talks continue without resolution. The possibility of a resolution by the assumed deadline of the first week of June is difficult to assess. Surely our congressional leaders won’t let us default on our payment obligations, right?

Neil Kashkari said on CNBC yesterday that it’s a 50%/50% probability that there will/won’t be a rate hike in June, but emphasized that the Fed must signal they are done with their tightening cycle, in his view.


The bond market clearly thinks we are about to start a recession, whereas the stock market is signaling that we have already dodged that bullet. The bond market is usually smarter. As usual, actions of the consumer will likely determine the resolution of these two opposing views.


Apple (AAPL $174) received a rare downgrade yesterday – this from Loop Capital with a $180 price target in the next 12 months.


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 improve 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.



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.


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: www.defensiveadvisor.com/services OR www.defensiveadvisor.com/contact

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.


bottom of page