12:00 TUESDAY – Weekly Stock Market Report #215 – 7/12/23

by Robert Holman | www.DefensiveAdvisor.com

WEEKLY STOCK MARKET REPORT AND RATING … 5.0 (1-4 bearish, 5 neutral, 6-9 bullish). No change. Inflation appears to be slowly receding but is still significantly above the Fed target of 2.0% and many Fed officials say that rates need to be raised further.

The DJIA is rising today but the SPX and NDX not as much. This market could go either way – rally (if you think interest rate increases are nearly over) or pullback (if the Fed is planning more interest rate increases than foreseen by the market). The market sees only one interest rate increase ahead, and that seems unrealistically hopeful).

We will know the state of the economy (second quarter GDP) by the end of the month and core inflation by tomorrow morning. Either of these could propel the market significantly in one direction or the other.

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.

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Learn from the Bible: Proverbs 15:22. CEV - Without good advice everything goes wrong — it takes careful planning for things to go right. MSG - Refuse good advice and watch your plans fail; take good counsel and watch them succeed.

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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.