by Robert Holman | The DefensiveAdvisor.com | May 5, 2020
Bullish … rating of 7 (0 - 4 is bearish, 5 is neutral, 6 - 10 is bullish).
We are still trying to reopen the economy, and oil is recovering. If this trend continues, as it seems it will, there are going to be some very good upcoming investment opportunities. Our positions are continuing to make new highs since the March 23 low.
First quarter earnings reports are being released, and it’s always possible that an unexpected awful quarter could send the market down, and vice versa. We will want to be attentive to this.
If you look at Gold (GLD) over different time periods what you see is outperformance from Jan 2 to today, approximately equal performance from March 15 to today, and underperformance from March 30 to today. I don’t know what will happen next – as I’ve said many times, I don’t know the future - but it’s a pretty decent sign of optimism inside the market.
We have some cash that has not yet been deployed. Also, as things begin to change, we may sell some positions to redeploy money elsewhere for a higher return. Let’s see what happens as we progress through this recovery cycle.
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Opinions voiced in this post are for general information only and are not intended to provide specific advice or recommendations for any individual, without complete knowledge of that individual’s total financial profile. No strategy assures success or protects against loss. Past performance does not guarantee future results.