Author: Ronald Guerrini
Covestor model: Breakouts and Reversals
May was a poor month for the model portfolio. May saw a continuation of the downtrend established in April. The model kept taking on long positions when it should have been short or in cash.
Apple gets hit by China slowdown for its high-priced phones
Management reported earnings in May and I finally heard a tone that makes me think they are on the right track.
The long-term impact of global easing is unclear
If everybody expects prices to fall further, that suggests that these investors have already sold.
