12:00 TUESDAY – Bi-Weekly Market Report #247 – 10/1/24
by Robert Holman, CFA CFP | www.DefensiveAdvisor.com
STOCK MARKET RATING (THE BIG PICTURE) … 4.0 (1 - 4 is bearish, 5 is neutral, 6 - 9 is bullish). This rating change is generally because risks outweigh opportunities. This does not mean that I am universally dumping stocks, but I am considering some selective pruning.
It appears Iran launched around 180 projectiles [drones and several types of missiles] against Israel today. The launch was widely telegraphed before it happened, so it was expected and well-defended. This diverse attack seems to be similar to the first earlier this year, in which no Iranian missiles made it through the U.S.-aided Israeli defense systems. Due to these and other factors, risks are quite high. Generally, stocks rose off their lows to close at prices mid-way between their highs and lows for the day
Volatility should get better: a) if interest rate cuts continue, and b) as long as nation-state conflicts moderate. The elections are still the big unknown. I stand ready to make portfolio changes as circumstances change. Staying vigilant in these uncertain times is paramount.
THESE ARTICLES MAY BE OF INTEREST: (press ctrl and click mouse simultaneously)
Jamie Dimon says the 'Buffett Rule' approach to taxing the wealthy could solve America's debt problem (msn.com)
De-Dollarization: 3 Reasons Why the Dollar Can't Be Dethroned - Markets Insider (businessinsider.com)
PORTFOLIOS … After reading this report, if you are unsure how to respond to these conditions, you may send a message to my Secure Email and I’ll reply with the information you need.
TO MY CLIENTS … THANK YOU FOR YOUR TRUST.
Learn from the Bible: Proverbs 15:22 MSG - Refuse good advice and watch your plans fail; take good counsel and watch them succeed.
This report is a 2-3 minute read, published every other Tuesday afternoon. To sign up for this bi-weekly e-Newsletter, go to: Newsletter Signup.
Opinions in this post are for general information only and are not intended to provide specific advice to, or recommendations for, any individual without our 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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