Strategic Intelligence September Portfolio Update
Despite the widespread belief that easy Fed policies and high stock prices have made everything better, we are still in a very risky environment for many financial assets. The Fed has shown that it can quickly flood financial markets with liquidity. But it can’t create jobs or recapitalize overly indebted businesses. We expect to see high market volatility heading into November elections, and probably well beyond election day. Dan gives a review of all the open positions currently in our portfolio, including some previous buys moved to holds.