I’m reviewing clients’ portfolios this afternoon, and given that most of us are relatively conservative I’d say we’re on track for a nice finish for the 2nd quarter. I’m saying this while crossing all digits and holding my breath.
Our international holdings, especially our emerging market holdings, have done great so far this year, which is quite emotionally rewarding since after we bought them last year they laid down like raccoon road kill for some months, and were mostly a drag on our portfolios. Now, however, they have recovered, and more.
Likewise our decision to double down on health care has been rewarding, and our decision to stay in tech has been profitable as well.
However I remain nervous like a cat in a room full of pit bull dogs. As I wrote last week, this has been a very thin market especially domestically. Political risk remains high. Markets are overvalued.
So let’s stay cautious, please.
Read more scary stock market predictions here, hopefully with a small glass of oak-aged rum. Predictions do NOT all come true. However they ARE evidence that we should be careful.
Meanwhile we’ll stay invested and stay diversified. It’s a marathon, not a sprint.