So was last weeks whipsaw Friday some typical “Big Boy” manipulation game which conveniently occurred on the last day of the quarter or are things really that much better on Main Street and Wall Street…? I’ll let you be the judge, but the last day of the month and the first day of the new trading month are usually pretty interesting and enjoyable to watch… from the sidelines… The big action in oil and commodities also suggests that the strength in the Dollar may be waning.
Of course, anything can and will happen in markets and Hedgephone has been admittedly slacking on its duty to keep readers ahead of the tape. That said, it is summer, I am chopping wood on my spread here and frankly am not all that intrigued by the long or short side of this market. The stock game is dominated by robots and their twenty something hipster programmers today so unless you are an HFT gobot you really have to wonder whether investing in the stock market for the long term is actually an investment rather than speculation….
We still like the KO, BRK.A, PG, MCD, PEP, SEB, COP, CVX type of stuff right now and we would stick with a dividend portfolio like this with covered calls written against the portfolio if we wanted more equity exposure….
Currently, the small Jag fund is 80% in cash (SNOOOOOOOOOOOR) and 20% in silver (hedging our cash? maybe…)
In any event, we will be updating this page more frequently… If you get super bored check out the music section for some tunes or the video page for some good old fashioned mid west conspiracy theory knowledge!
Till next time…. (We are still neutral but leaning bearish based on trading ranges)