Stocks have held their ground over the past two weeks, in spite of the BREXIT fears and subsequent haranguing by our Federal Reserve. However, somewhat under the edifice of the market is widespread deterioration in a variety of industries.
I’d like to highlight some of the low lights for your right now.
Tankers -12%
Airlines -9%
Biotech -7%
Hospitals -6%
Insurance -5.5%
Residential Construction -4.5%
Gold -4.5%
Indie Oil and Gas -3.6%
The upside is littered with nothing more than boring utility stocks and antiquated memory chip manufacturers.
My Bubble Basket of high growth/risk stock was off by 5%, while my Old Man portfolio of stodgy, cranky, stocks was down just 0.22%–in line with bonds.
If we are to be true servants and slaves to the trend, it is clearly stating that you should be positioned accordingly.
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Some of the stocks holding well that you don’t mention:
UPS
COST
NVDA
IBM
GE
ACN
HYG
AMZN
MNST
VMC
BRK.B
TJX
XOM
Aside from that, sure impending disaster is guaranteed.
Ignore the warnings at your own peril.
Stocks, bonds, and commodities [including PMs] sell off for the rest of the year, crashing in November when Dr. Donnie is elected. The United States Tubman Dollar will be the safe haven of choice and everyone will enjoy 7 basis points on their cash.
Then Dr. Donnie will start the biggest fiscal spending program ever conducted in the history of man and every road in America will be heated and lined with real gold leaf – less expensive than paint at that point.
Bonds tank, stocks roar, and all of the Trump Reeducation Facilities are full of inmates aka “students.”
I, for one, am very excited.
amzn, mnst, tjx….the hipster is alive and well.
Hold steady or Up… those are the ONLY 2 directions in the last 18+ months. There WILL be no downside. There will be no correction. People will not exit quickly from equities. Shorts will continue to be burned. There is a ZERO chance Obama exists on a sour note. Once Hilary takes office, who knows. But until then, load up on sandwiches and take a summer nap.