TWELVE o'clock TUESDAY – Stock Market Report
by Robert Holman | The DefensiveAdvisor.com | September 1, 2020
Bullish … rating of 6 (0 - 4 is bearish, 5 is neutral, 6 - 10 is bullish). Still cautious.
Coronavirus statistics are declining, the Presidential Election is moving to center stage, Phase III vaccine test results will be forthcoming soon, the S&P 500 has passed its old high and is outgaining the DJIA, and gold has moved nicely off its lows. Most important, election and vaccine results.
The price speculation in stocks that appear to benefit from the pandemic and/or do business “in the cloud” seems at first glance to be mostly excessive. Yet, this is where opportunistic profits can be made, probably for another six weeks, all else remaining equal.
Do upcoming elections, virus test results, six weeks left in rally = high risk? What’s your view?
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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.