This portfolio was very carefully constructed with market uncertainty in mind. We are currently expecting long term stagflation, with the possibility of a recession/depression macro environment during the 4th quarter of 2020. It’s a combination of contrarian plays (XLE), defensive plays (GLD, GBTC, TLT, TIP, SHY, IVOL), Bullish plays (CHIQ, KBA), special situations (REMX, LSF) and an oversold commodity play (JO).
Enjoy! – Alex