Socalled safe sectors like utilities and staples that have led the way. The question now is do you stick with defense or Start Playing offense and position your portfolio for growth. Its surprising for some. Been surprising for me. Timmy and pete would say otherwise. I dont think it surprised them that much. I dont think you have to change your game plan. Some of the things weve been talking about for a while. Gold still works. Had a te sent day today ch should have been down. Tlt still works. Sold off today. I know people say maybe this is a turn in the bond market. But i think you want to stay long the bond market and defense stocks, not defensive stocks. Names like lockheed martin, who made comments today about the sort of Global Environment we currently find ourselves in. I think all these defense stocks work as well. In terms of the broader market, youve heard a lot of people talking about the potential for an outside year to the upside in the s p. B i dont want to get too wonky,
And the nasdaq recouping nearly all losses from nationwide and it started with these comments from fed governor brainard. I was only kidding the apparent reversal on a lot of investors saying, what the fed so what do you do with your portfolio right now . Guy . We talked about on friday what was the movie, guy . Scarface. Not everybody is that you know. Which one was she . In the tub or anyway my bad. I dont know who youre talking about. One of the things we said on friday, the market traded down, effectively held the levels we last saw in may 2015. Lets not make too much out of this. The fed threw out a test balloon in terms of hawkish commentary and actually said that could change on a dime next week if they reverse course. I didnt think it was going to happen monday morning. But it happened monday morning. So i think were a little inaccurate in what we talked about. The market was actually rallying back before the comments were out. Im splitting hairs here. But that said, you know,