I'm off and ready to begin a weekend. As for the market, I feel uneasy as summer volume is back. Many funds made their years are in 100% cash, as I should be. I added some short exposure to lockin upside gains and will buy stocks that are cheap. The banks is my favorite sector because of the core earnings power with the inverted yield curve and I believe commodities are overowned and will pullback a bit.
This weekend I will provide research on some stocks and focus on the consumer. The biggest problem with this market is that it is starting to feel fake as jobs are weak and the consumer has less credit. I will reveal some facts in my research tomorrow.
Have a good weekend.
No comments:
Post a Comment