On anticipation of a reflation trade due to the remote possibility of Fiscal Stimulus, stocks cotinue to surge ahead.
Oh, sure, the Indices waffled a bit today with the Spoos down 1/4 of 1%. But the right stocks have been steamrolling higher.
Union Pacific (UNP) is now up +27.66% year to date, and 3.22% in the last 30 days. Wells Fargo (WFC)? Up nearly 17% in the last month. Microsoft (MSFT) is up nearly 5%, and International Business Machines (IBM) a modest 6%. The actual Income Processes in various portfolio’s we manage are up between 10% and 12% YTD.
Oh, I’m sorry, I forgot to mention … those ‘right stocks’ are all stocks we hold in our Income Process, and within the free Sharpe Income project.
This is what I use for income. Income!