2024 will be the same but different...
Week 1 - Weekly Equity Update
I was asked if I would be writing a “What is ahead in 2024” type post. The honest answer is, no.
I have no idea what lies ahead of us in 2024.
Friends who are reading will know my answer to almost everything is “Who knows?”. That doesn’t mean I cannot talk about all kinds of different topics. I enjoy discussing all kinds of things. What it doesn’t mean is that after a conversation I immediately run out and change how I think about the world or every asset in my portfolio. This year has taught us to take each investing day as it comes and do what the market is telling us to do.
“Just be less wrong” I heard this from an Australian investor called James Aitken recently. It may not be gungho or super optimistic enough for my American readers but I think it is an amazing way to look at the investing world. In the flows-driven US market there will always be things to be long if you look hard enough, so just fix your losers. Quickly.
Long and strong at the index level.
Heading into the New Year the Industrials rotation is well underway. Zero exposure to Energy and Health Care.
Removals : PKG WRK NTAP NOW AMGN AAPL FFIV EA FDS
Additions : WELL WDC HIG RSG XEL CTAS AMT BK Wm
