I’m still bullish on a couple sectors, but nearly completely bearish on everything. It seems very likely we are already in a recession.
I’m holding on to diversified oil and oil services companies. I’m still a believer that emerging markets (China, others) will continue to drive demand even during this recession. I guess the $64K question is whether the world catches a cold when the US sneezes.
I agree that some US export-centric manufacturers, Boeing, CAT, John Deere etc are in a good position with the weakening dollar. Strong food commodity prices may especially help Deere….more combines harvesting expensive wheat.
Some tech companies should do well, e.g. especially ones with good sales outside of US, Qualcomm, Microsoft, Cisco, etc. I’m scoping out small companies in alternative energy that may have defensible intellectual property that may make a breakthrough e.g. higher efficiency solar, biodiesel,etc. Famed venture capitalist Vinod Khoshla is now focused on these types of investments. Public ones are tough to find.
Still holding onto Gold via an GLD ETF, it is a larger % of my portfolio due to the run-up last year. I’m planning on using part of it for a down-payment for the next house…..in a couple years.
