I spent the day focusing on Merton model and high dividend yields among staples, health, telecoms and utilities, as I prefer defensive tilt in my portfolio at the moment. Below 1080 for the S&P500 it would appear wise to raise cash from cyclicals, as economic surprise of green shoots, that counts only one way, has clearly rolled over ...
I still miss the euphoric exhaustion, if ever happens ...
No comments:
Post a Comment