As Treasurys surge and inflation fails to materialize, Gary Shilling’s macro outlook is once again looking prescient. In his latest “Insight” newsletter he highlighted his portfolio positions in the current environment:
Favorable:
Treasury bonds
Income-producing stocks
The dollar vs. the euro and Australian dollar
Dollar index
Eurodollar futures
Rental apartments
North American energy
Medical office buildings
Unfavorable:
Sell your house, second home or investment single family houses yesterday, if you plan to do so any time soon.
Sell homebuilders
Developing country stocks
Commodities
Sell US Major and regional banks.
Source: A Gary Shilling and Co.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
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