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12:00 TUESDAY – Weekly Stock Market Report #216 – 7/18/23

by Robert Holman |

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.

There is a strong case now for a bull market: Inflation is slowing by many measures, so we are at the tail end of Federal Reserve rate increase, corporate earnings and employment are still strong, so any recession will be mild, and better times are just ahead.

As we are going down that path, it would not take much to derail things and a start market reversal: examples include: inflation proves to be more stick than anticipated, possible additional rate hikes by the Fed, corporate earnings begin to slip, deeper recession.

Things will play out soon enough. I added to equity positions recently. If it sounds like I'm cautiously optimistic, I am. If it sounds like I've taken a calculated risk, I have. We will see what happens next.

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.

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.

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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