Since the last update, I have closed our position in SPDR Gold Trust (GLD). I am looking to restart a position in GLD if it drops closer to 155.
I also bought more shares of Aberdeen Chile Fund (CH) for my Covestor Tactical and Opportunistic model. We doubled our position because of its reliable dividend and it lack of volatility. I will continue to hold on to our positions and add to them on small dips.
If the US can get through debt talk challenges, the stock market outlook is great.
The absolute price momentum of equity funds is declining.
HII is a recent spinoff from defence contractor Northrop Grumman (NYSE: NOC). This marks one of the few new positions for Einhorn’s hedge fund.
I think we are in a near-term bottoming process for the financial sector driven by fear and the unknown unknowns of the European crisis.
