About today's market

Financials, the dollar, and energy were weak. Gold is overbought.

I find difficult to believe the market can rise without strength in the financials. Strength in the housing stocks, such REITs, would help. But there is little chance at this stage of the business cycle.

Furthermore, deflation is raising the real cost of money, discouraging investors and business to borrow. It may be one reason why the interest sensitive sectors are laggards in spite of historically low interest rates.

I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes.

To find out more about my in depth view of the markets and my strategy just visit our website https://www.peterdag.com/. You can review The Peter Dag Portfolio, free of charge of course. You can also call me at 1-800-833-2782 to discuss your specific money management needs.

George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977