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TREADING WATER

July 24, 2018.  If you are a ‘buy on sale’ investor, this has been a tough market.  

As of right now, the futures are up 100 points.

We have been trying for weeks to buy numerous positions, but the damn market keeps going up!!!!.  (mmmm you suppose Trump’s programs have anything to do with this?)  Well, this is certainly good news for the Core Portfolio.  But its not good for buying new positions.

So, we are sitting back and just enjoying the summer……and watching as the dividends keep flowing in.

In this game, you will get hurt if you over-pay.  Just wait for buying opportunities.

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The Core Portfolio is primarily bonds, and we watch the bond trends very closely.  Link is below:

Bonds – Bonds pulled back to support at the 200-dma after tweets from Trump on Friday about just letting the “economy rip,” suggesting the Fed should step back and let inflation surge. This is likely a good opportunity to add bonds to portfolios as the Fed will most likely continue their rate hiking campaign until they trigger a recession. However, be patient and let’s see what happens next week. As noted previously, we remain out of trading positions currently but remain long “core” bond holdings mostly in floating rate and shorter duration exposure.

FULL ARTICLE

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Did Hillary just get out of bed, or out of the hospital?  We just cannot resist posting bad pictures of this criminal.  Go to the link below for the full story.

(We cannot get the picture to paste…..go to the link if you have not already seen the pic.)

ARTICLE

Fun Facts.  Why don’t you ever hear about State Farm or Mars on CNBC?  Because they are privately held Companies and do not trade on the stock market.  Ever heard of Cargill?  They are huge.  You probably HAVE heard of Koch and the super rich Koch brothers with their never-ending TV commercials. 

This is a list of the world’s largest non-governmental privately-held companies by revenue. This list does not include state-owned enterprises like Pemex and PDVSA. This list includes a maximum of twenty corporations with revenues of over thirty billion dollars.
No.
Company
Revenue (in billions of USD)
Headquarters
1
Samsung
305 (2014)[1]
South Korea
2
Vitol
270 (2014)[2]
Netherlands, Switzerland
3
Cargill
120 (2015)[3]
United States
4
Trafigura
127.6 (2014)[4]
Netherlands
5
Koch Industries
115 (2013)[5]
United States
6
Schwarz Group
95.984 (2015/16)[6]
Germany
7
Aldi
86.47 (2014)[7]
Germany
8
Robert Bosch
78 (2015)[8]
Germany
9
State Farm
71.2 (2014)[9]
United States
10
Louis Dreyfus Company
64.7[10]
Netherlands
11
Albertsons
58.7[11]
United States
12
Long & Foster
56[12]
United States
13
IKEA
41.6[13]
Netherlands
14
Wanda Group
39.47[14]
China
15
Deloitte
36.8 (2016)[15]
United Kingdom
16
PricewaterhouseCoopers
35.9 (2016)[16]
United Kingdom
17
Mars
33[17]
United States
18
Publix
32.36[18]
United States
19
Bechtel
32.3 (2015)[19]
United States

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