Despite the stock market’s rally in recent weeks, technical indicators and economic trends suggest that the risk of a bear-market correction remains elevated.
Over the past year, we’ve taken profits on a number of Portfolio holdings, exited vulnerable fare and added several hedges to the Wealth Builders Portfolio, including SPDR Gold Shares (NYSE: GLD) in this issue. (See A Golden Moment.)
In addition to playing defense, we continue to do our homework on names that boast high-quality franchises and offer exposure to key secular growth trends.
Our bearish outlook has curbed our appetite for putting new money to work in the current environment, but this downtime provides the perfect opportunity to research names we’d like to add to the Wealth Builders Portfolio and Lifelong Income Portfolio on a pullback. Here’s a short list of recent articles that fall into this category: