January 29, 2020. The Core Portfolio is now at 13% in CASH, one of the highest levels we have had in years.
McDonalds, Starbucks et al are closing 1000s of stores in China. Obviously this will affect revenue and profits—negatively.
Yes the market was higher yesterday and is already up 11 for SPY today. BUT WE REMAIN DEFENSIVE. IF we see a bargain out there that is ‘on sale’ we will buy. But right now we suggest you sit on your hands.
Really interesting article about Trump rally data.
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