Current Market Outlook
BLOG POST: Our Current Market Outlook is “Market in an Uptrend” and our light is “green.“
With the Fed’s foot firmly on the accelerator (zero interest rates & QE unlimited) and the financial markets awash with liquidity (stimulus and all the rest), the trend of this market is up. Not all areas are benefiting yet, mind you, but the abundance of cheap capital has started a fire in certain industries that should eventually spread to others as the rally continues to unfold.
Our Current Market Outlook has been upgraded to “Market in an Uptrend” with a “green” light. Three of our Core Four indicators are green, while the last one is still red. Key sentiment indicators remain at excessively high levels that often precede a correction. While the signal is back to green, that sentiment aspect suggests there is still an above average chance of a meaningful pullback during the fall.
We have long observed that there is a significant difference between actual real-time application and analytical market theory. To that point, we have uncovered an improvement to our C.M.O. traffic light signals this year resulting in potential earlier and longer green signals. This important refinement should positively impact our already stellar process.
What are investors to do now? Stay with the trend. Have your exit strategy in place if things go crazy into the election. While September can historically be a difficult month for stocks, keep in mind the technical conditions for a bear market are not present, yet.
Have a Triumphant day! ®
Note: This update was originally slated for publishing late Monday evening (08/31) but due to a software subscription issue was not uploaded until Tuesday afternoon (09/01).
The information in this article is based on data obtained from recognized services and sources and is believed to be reliable. Any opinions, projections or recommendations in this report are subject to change without notice and are not intended as individual investment advice. Not to be used as legal or tax advice. ©2020 Triumphant Portfolio Management, LLC.
The Latest
BLOG POST: Our Current Market Outlook is “Market in an Uptrend” and our light is “green.“
Where Are Woodward and Bernstein When We Need Them? This article was written by Newt
A poem about a modern day Pig in a Poke, being “woke” and going broke.
Triumphant Truth
You’re not here by accident. God loves you. He wants you to have a personal relationship with Him through Jesus, His Son. Triumphant strives to honor the Lord and bear witness to His love and mercy by serving our clients with disciplined, proactive wealth management.
14803 Forest Rd.
#1147
Forest, VA 24551
Request a Triumphant newsletter to receive updates on the markets and Christ-centered investing.
Send mail to:
14803 Forest Rd. # 1147
Forest, VA 24551
Request a Triumphant Newsletter to receive updates on the markets and Christ-centered investing.
This information is not intended to be a substitute for specific individualized advice. The TPM strategies cannot assure a profit nor protect against loss. Inherent limitations and market conditions may affect the performance of portfolios in any given market environment. Past performance does not guarantee future results. Investors should consider the investment objectives, risks, charges, and expenses associated with any investment strategy.
Advisory Services Through Sowell Management, a Registered Investment Advisor | Privacy & Disclosures | © 2024 Triumphant Portfolio Management, LLC