TWELVE o'clock TUESDAY – Stock Market Report
by Robert Holman | The DefensiveAdvisor.com | June 16, 2020
Bullish … rating of 7 (0 - 4 is bearish, 5 is neutral, 6 - 10 is bullish).
Virus, virus, virus – good news, bad news, good news – and so goes the market. The buildup of bad news concerning the number of new virus cases in more than a dozen states led the market to dive more than 1,800 Dow points on Thursday of last week. Since then, we have had two days of recovery based on good virus news and looks like it will be a third. Today’s news is that steroids have been proven effective in reducing the inflammation from the virus, and thus in reducing deaths.
Our stocks are recovering from the sell-off very well. The market was down <8.8%> and is now up +4.4% from the lows. Our portfolios and rising correspondingly. I expect that as the market continues to fight its way upward, that our portfolios will do the same.
I specialize in helping clients who have not saved enough for retirement to catch up to where they need to be. I do that by incorporating both offense and defense in my investment approach. This dual focus allows individuals to make real, significant gains toward their retirement goals.
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.
To see prior editions of this blog letter, go to http://www.defensiveadvisor.com
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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