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FUTURES DOWN ‘HUGE’

August 5, 2019. We have mentioned several times recently that a 5% pull back was a real possibility. It looks like that time has come. Stocks may drop and our more conservative holdings in the Core Portfolio will probably drop in sympathy. For new subscribers, we are NOT stock traders. Instead we are primarily in ‘bond’ type investments.

This decline will probably last a few weeks if not longer and hopefully it provides us some buying opportunities……meaning we can buy at lower prices. As an example, we tried to buy HCXZ at sale prices back in July and the damn thing sky-rocketed higher-it was really quite amazing. Maybe it will pull back and we can get in.

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Here is some financial advice from our favorite: realinvestmentadvice.com

As noted in the main body of this week’s missive, a less than anticipated rate cut, and outlook, by the Fed tripped up participants. Then Trump deciding to add additional tariffs on China, in order to force the Fed to cut rates, roiled stocks even more. 

Stock sold off for the entirety of last week, so expect a rally early next week to sell into. Take some actions if you have not already as the next two months could bumpy. The correction is likely not complete yet.

  • If you are overweight equities – Hold current positions but remain aware of the risk. Take some profits and rebalance risk to some degree if you have not already. 
  • If you are underweight equities or at target – rebalance risks, look to increase holdings in domestic equities opportunistically if the markets can hold support at the May highs next week. 

As noted in the main body of this week’s missive, a less than anticipated rate cut, and outlook, by the Fed tripped up participants. Then Trump deciding to add additional tariffs on China, in order to force the Fed to cut rates, roiled stocks even more. 

Stock sold off for the entirety of last week, so expect a rally early next week to sell into. Take some actions if you have not already as the next two months could bumpy. The correction is likely not complete yet.

  • If you are overweight equities – Hold current positions but remain aware of the risk. Take some profits and rebalance risk to some degree if you have not already. 
  • If you are underweight equities or at target – rebalance risks, look to increase holdings in domestic equities opportunistically if the markets can hold support at the May highs next week. 

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Google will try to dump Trump: former engineer/employee. Go to article link:

https://www.breitbart.com/the-media/2019/08/02/former-google-engineer-google-will-try-to-prevent-trump-from-being-re-elected/

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BOMBARDED WITH ADVERTISING. MAKE IT STOP!! NO WONDER streaming services like NETFLIX WITH NO ADS ARE GROWING SO RAPIDLY

Notice more TV ads lately? You’re not imagining it.

The amount of commercial time on cable TV keeps increasing as networks try to make up for shrinking audiences by stuffing more ads into every hour of television. That’s despite years of promises to cut back on ads.

Last quarter, commercial time rose 1%, according to Michael Nathanson, an analyst at MoffettNathanson LLC. After declining in 2017, the volume of ads increased every quarter last year and expanded again in the first half of 2019, he said. Fox was the only major cable network group to lower its ads last quarter, cutting them by 2%, Nathanson said.

NOW IN OUR 7TH YEAR. NOTE TO NEW READERS:  Before you buy anything we discuss here, GO to the Core Portfolio tab to see a CURRENT listing of holdings. This blog is designed for investors seeking income by using preferreds, BDCs, REITs, baby bonds and corporate bonds. Don’t forget to hit the like button. Go Here For “About”

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