Some Changes
I just rolled out of a bunch of Tech stocks that have had a great run (some up 70% y/y) but might run out of legs soon. Moved into some investment grade bonds to sit it out for a bit (just in case a correction is coming soon), already had a pile in these bonds and did 30% y/y. Put more in copper (commodity has almost doubled and this metal will lead any rebound) and some O&G though none of the big guys.
Expect to evaluate in April (maybe sooner) if the markets take off due to pent up savings just itching to go (ref. RBC investor conference last week). If so WTI pricing will go up as travel opens up (viz vaccines and their promised relief).
Last 6 months have been great but concerned the music will stop and I'll be trying to catch a falling knife...tried that once and never again. I don't need to hit the highest high or buy at the lowest low, I'll let someone else lead that charge, a good fast follower perhaps.
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