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12:00 TUESDAY – Weekly Stock Market Report #223 – 10/31/23

by Robert Holman | www.DefensiveAdvisor.com


STOCK MARKET RATING (THE BIG PICTURE) … 5.0 (1-4 bearish, 5 neutral, 6-9 bullish). No change.


Wow, the markets had a big day on Monday. The major indices were up 1.2% or more. Yet it really was no big deal – the market just recovered losses from the weeks before. And so it goes.


Gold, Bitcoin, and Ethereum continue to make new highs for the last 12-month period. The Fed may pause interest rate increases this week for the second time in the past 12 months. It’s too soon to tell if they will resume rate increases again in six weeks, which I think is more likely than most perceive it.


Not much else to say. The market continues its downward course. We added positions within the last several weeks that are working very well in this environment.


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. If you would like, I’ll do a complimentary portfolio evaluation, and I’ll explain what ought to be done to improve your situation.


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. Proverbs 15:22 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: 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.

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