A portfolio update for July.
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** Addison Wiggin’s Apogee Advisory launches in March 2010. For the first three months, serious readers are invited to examine three “beta” issues FREE in exchange for your feedback. We’ll ask you to fill out at least one survey — telling us what you like and what you don’t.
Investors are in a bullish mood yet again, despite what’s likely to be a contentious and dramatic U.S. election only three weeks away. We expect to see high market volatility heading into November elections, and probably well beyond Election Day. Both U.S. political parties support massive budget deficits in the post-coronavirus world, but they do have different budgetary and regulatory priorities. These different priorities could affect many stocks in the portfolio. For now, read on as Dan gives guidance on all the open positions, including one sell alert that was issued this week.
In the August briefing, Jim unpacked recent trends in the U.S. economy, the eurodollar futures market, the Fed’s repurchase program and more. He also explained why the trends we are seeing in each of these markets could lead to fireworks later in 2021. In today’s market environment, we see many areas of high risk with minimal upside, and a few areas of long-term opportunity. Dan gives guidance on the open positions in your portfolio.
