TWELVE oclock TUESDAY – 2/4/2020 Stock Market Report
Updated: Feb 5, 2020
Still bullish … (on a scale of 1–10, we are at 6–7, where 5 is neutral, <5 is bearish, and >5 is bullish).
Earnings reports have been generally favorable, with approx. 70% of companies beating their estimates. Earnings are expected to increase 6% or less next year. So, that would call for moderate stock market gains.
Today, China announced that more than 600 patients were released from the hospital and allowed to go home. That is an encouraging development that they are “cured” and are no longer contagious. Perhaps that is behind today's big market rally (along with favorable economic news).
So for now, there is no reason to reduce our risk profile, although I may make a change in one of our holdings in preference to another opportunity.
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.