by Robert Holman | The Defensive Advisor | www.defensiveadvisor.com
STOCK MARKET RATING … 5.0 (0-4 bearish, 5 neutral, 6-10 bullish.) The market seems to be moving up in reaction to, and in anticipation of, upcoming good news on inflation and Fed interest rate hikes.
Inflation looks like it is moderating, and on Wednesday the Fed may pause its series of interest rate hikes to see if inflation will continue abating. Today, the Nikkei topped its old high of 33,000 for the first time in over 30 years! Also, our own S&P 500 has broken above certain moving averages that indicate a new bull leg may be starting. Therefore, I’m moving toward a less bearish assessment, and I am in fact neutral as to what happens from here.
Already, the tech stocks and the S&P 500 have recovered much of their losses from last year. Many investors are cautious about committing more capital at this time. The widely discussed recession that most had been expecting looks like it will not happen.
Investors should expect continued volatility for a while, as we wait-out upcoming economic data releases before making new commitments.
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.
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.
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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.