Inflation, Oil Prices, and Staying Defensive

September 17 2023 Update

A very brief update from my side this week.

The Market is still in the indecisive camp within the red box above.

After a CPI report that showed inflation slightly higher than expected on an annual basis (3.7% vs. 3.6% expected) and oil prices that continue to tick higher, expectations have been moving the 10-year treasury rate up again.

I don’t think we are on the brink of getting inflation to trend higher again in a significant manner, yet it might stay “sticky” for some time around 3%.

Some analysts are predicting oil prices to go up in a significant manner over the next few months which would not be friendly for inflation, interest rates, and then to the stock market.

So let’s stay defensive and see what next week will bring us.

PORTFOLIOS

Last week I was stopped out from $GENI 0.00%↑ Now I am left with 2 positions only in my Small Cap momentum Portfolio: BRAG 0.00%↑ and ML 0.00%↑ .

In my Large CAP Momentum Portfolio I have one position only which is LI 0.00%↑ .

That’s all from my side this week. I am not entering any positions this coming week.

I have a few good candidates for my long-term portfolios and I’ll be sharing them shortly here.

Have a great week ahead.

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Important: This is not investment advice. Consult a licensed financial advisor before making any investment decision.