TWELVE o'clock TUESDAY – Stock Market Report

by Robert Holman | The DefensiveAdvisor.com | July 21, 2020

Bullish … rating of 6 (0 - 4 is bearish, 5 is neutral, 6 - 10 is bullish). I’m a little less bullish overall than in recent weeks because there are so many unknowns; in fact, I’m almost neutral.

The three problem coronavirus states continue to be Florida, Texas and California, in that order. However, the data is coming under scrutiny for questionable practices, like states counting anti-body tests (as Texas does) along with positive virus tests, a move widely criticized by Harvard health specialists.

The market, as measured by the S&P 500, is setting new intermediate highs as it goes sideways/up (sideways mostly, with an upward bias) and is approaching the February high (it’s about 3% below).

Our stocks are doing very well. Our moderate-risk portfolios are up a bit more than 28%.

If you have not yet become a client, please allow me the opportunity to serve you. For those of you who are already clients, thank you for your trust.

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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.

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