Strategic Intelligence February Portfolio Update
With details of the new COVID spending program coming to light, injecting new cash into the system on such a massive scale will only cause more reliance on government spending than before. If we no longer have a self-sustaining economy, but one that’s addicted to perpetual multi-trillion-dollar deficits, then most investors are likely to be disappointed with the future, after-inflation returns of their portfolios. We continue to recommend a defensive portfolio posture. For now, read on as Dan gives guidance on all our open positions, including moving AG from a buy to a hold.