Submitted by QTR's Fringe Finance
With more than a month and a half of the new year over, I thought it would be a good time to offer up a general portfolio update and my thoughts on macro heading into the end of Q1.
First off, here is how my 24 stocks I'm watching for the year have performed thus far on their own and compared to the S&P 500 (yesterday’s closing numbers).
(View the performance chart and the names I'm watching here)
As I will explain, I haven’t made many changes to my outlook for the year, but I did take some profit in one name, which is up about 70% since the beginning of the year. I continue to have a long position in the name with a multiple-year, long outlook, but I did take some off on the astronomical move higher.
My macro outlook hasn’t really changed for the year at all. I continue to believe that the Federal Reserve is stuck between a rock and a hard place: they are going to have to either choose continued inflation up front, as this week's CPI data suggested, where the market may hold up but the price of hard assets like gold, silver, real estate, and Bitcoin will continue to soar, or they are going to sit idly by and keep rates higher while the market has an absolute trainwreck moment, which they will then respond to with more of the same—quantitative easing and rate cuts (more inflation).
The question is when do you want your inflation? Now, or later?
As I said on Palisades Gold Radio last year, I am all but guaranteeing that the Fed is going to need to commit to a higher inflation target than 2%. They just simply aren’t going to be able to win this war with inflation (as a price measure or as a measure of the money supply).
I think the market is going to...(VIEW THIS WHOLE AND THE 24 STOCKS I'M WATCHING HERE).
