Covid 19 = Be DEFENSIVE!
As we enter the month of May here is our position:
The impact of the shutdown on the investment markets is only just beginning. We urge you to be defensive.
Cash looks very attractive now.
The downside of having cash is you may lose out on some returns. The upside of holding cash is that if we have another selloff, your money will be safely on the sidelines – ready to buy.
NOTE: There is very little clarity on how companies will fare through this shutdown. Without clarity it is difficult to make good investment decisions. Being defensive, and being patient will cost you little, and very likely reward you handsomely in the future.
UPCOMING CONFERENCE CALLS: Please see events tab for US Economic Outlook conference call series dates and times