TWELVE o'clock TUESDAY – Stock Market Report
by Robert Holman | The DefensiveAdvisor.com | October 13, 2020
MARKET BULLISH … Rating of 7 (0 - 4 is bearish, 5 is neutral, 6 - 10 is bullish). My view is we are coming off an intermediate correction low. Tech stocks are rallying.
ECONOMICS … Data shows we are continuing to recover from the virus pandemic but at a slower pace than in prior months. Yet, the pace is adequate to sustain a reasonable-to-long period of economic growth.
ELECTIONS, VIRUS and STIMULUS – The market seems to no longer have a problem with Joe Biden being elected President. We may be headed for a stimulus package of $1.75T, either soon or after the election. Corona virus vaccine test results will be forthcoming soon. Positive results on either of these three factors could drive the market substantially upward.
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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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