A portfolio update for June.
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We reveals what’s setting up to the be the “Trade of the Year” in tech stocks. Plus, “Buy when tanks hit the streets”…
As Jim discussed in his latest briefing, unless oil prices start falling soon, we’re looking at more painful smashes from the Fed to the demand side of the economy. Because if oil prices keep rising through the summer, CPI will remain high, which would delay the return of the dovish Fed which stock market bulls all know and love. More investors will recognize that the Fed is making a policy mistake, which implies that gold is a better store of long-term value than U.S. dollar bank deposits that pay below-inflation rates of interest. That’s good news for the many gold stocks we hold in the portfolio. For now, Dan gives guidance on all the open positions.
Welcome to your second Platinum service: Apogee Advisory’s Strategic Trend. We’ll deliver you one Strategic Trend alert per month, on a Tuesday.
In our February briefing, Jim explained how the Fed has painted itself into a corner by promising to tighten policy despite clear signs of economic weakness. Even with major stock indices under pressure due to the Fed’s incompetence, many positions in our gold-heavy portfolio are expecting good 2021 fourth quarter financials during the month and higher prices as a result. For now, Dan gives guidance on the open positions in the portfolio.
