Technical Market Summary – 3/30/20

2020 YTD Returns

Gold (GLD) +6.1% (up 8.22% for week)

Core Bonds (Agg) +2.6% (up 2.67% for week)

S&P 500 (SPY) -20.9% (up 10.28% for week)


Harbor Wealth’s Market Barometer

Our three proprietary Technical Gauges on the US Equity Markets are below. Investors can use this as a guide to identify the strength/weakness of the US Equity Market Environment.

All Green = “Clear”    1 Red = “Watch”     2 Red = “Caution”     3 Red = “Danger”

CNNMoney’s Fear & Greed Index – Mar 30, 2020:

Investors are driven by two emotions: fear and greed. Too much fear can sink stocks well below where they should be. When investors get greedy, they can bid up stock prices way too far.

Major Asset Class Insight

Bonds and Gold are the major asset classes to invest in long term, so invest accordingly.
Short Term Long Term
Bonds (Aggregate) Bullish-new Bullish(Dec ’18)
US Large Equites (S&P 500) Bearish Bearish(Mar ’20)
US Sm. Equites (R2000) Bearish Bearish(Mar ’20)
Int’l Equities (MSCI EAFE) Bearish Bearish(Mar ’20)
Emerging Mkt Equities Bearish Bearish(Mar ’20)
Commodities Bearish Bearish(Jan ’20)
Gold Bullish-new Bullish(Dec ’18)

We continue to advocate a proactive stance in managing one’s portfolio as the most prudent way to preserve and grow capital, by capturing gains and limiting risks.

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