by Robert Holman | The DefensiveAdvisor.com | July 14, 2020
Bullish … rating of 6 (0 - 4 is bearish, 5 is neutral, 6 - 10 is bullish) but cautious.
Two weeks ago, I wrote about developments that seemed to indicate new Texas coronavirus cases might have reached their peak. Well, that didn’t last long.
New cases continued to climb with new peaks in - Arizona on July 10, Texas on July 11, Florida on July 12, and California (dipped by now increasing). Yet the market continues to move sideways or sideways/and/up. It is just amazing the way the market overcomes negative news.
In our moderate-risk portfolios, 2 of our 4 holdings continue to set new highs (up 31% and 58%). Another is up 4.6% and a fourth is down 6.5% - these stocks are expected to return to more normal valuations in rotation-style as the economy gets better. These last two were doing much better in a good economy a month ago, and in my opinion will do better again. The fifth holding is the S&P 500 and that is doing quite well, up 22%. We are up 24% overall, and when the 4 problem states resolve their coronavirus issues, our latter holdings will move up quicker than the market, in my opinion.
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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.