by Robert Holman | www.DefensiveAdvisor.com
STOCK MARKET RATING (THE BIG PICTURE) … 6.5 (1-4 bearish, 5 neutral, 6-9 bullish). We have entered a bullish phase with today’s reduction in the CPI growth rate.
Markets are having a big day today. The major indices were almost 2% as of today’s writing.
Bitcoin and Ethereum continue to make new highs for the last 12-month period. Gold sold off for 6 or 7 days but is recovering now. The QQQs gapped up for the second time in November, today’s move was impressive.
The Fed’s interest rate policy may be in the process of becoming secondary to the performance of the economy. The bond market is rallying as they believe the interest rate increases by the Fed are over. However, we are not “off to the races”. Upcoming economic news may be disappointing to the market.
Unemployment is up, CPI is down, average hourly earnings are moving down, and consumer sentiment and consumer confidence are moving down.
We have recently added positions that are doing well in this environment, are virtually fully invested in our more aggressive accounts and our moderate risk accounts, with one exception, are 80% invested or more.
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.
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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.