Hello Investors,
Today we asked the following question:
A) Does the economy predict stock prices.
B) Do stock prices predict the economy.
We had a discussion on this point which helps to understand why stocks have been going up. And how important the future growth is to your investment returns.
We made two changes to the portfolio as follows:
We exited our QQQ July 17th (monthly) 225/215 bear put spread for 2.40 credit. The result is a loss of -0.55 or $55.00 per spread.
We bought 10 more shares of BRK.B at 178.85. We think that “value” is trading at a nice discount long-term especially at a premier business like Berkshire.
Have a great week!