by Robert Holman | The DefensiveAdvisor.com | August 18, 2020
Bullish … rating of 6 (0 - 4 is bearish, 5 is neutral, 6 - 10 is bullish). Still cautious.
Coronavirus statistics are declining, and the Presidential election is moving to center stage.
The market, as measured by the S&P 500, is fully recovered past its prior high and is up 4.7%, but the Dow is about <2.4%> behind. Our moderate-risk portfolios are up more than 33%. Two stocks are at all-time highs, and one is nearing its all-time high.
Gold is moving up nicely off its lows. It will most probably have a significant price increase from here if recent US debt increases are monetized. However, it will have only a modest price increase from here if the US debt is not monetized, but is instead sold in an effort to nudge interest rates up marginally as the economy improves.
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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.