No stock picks today – expecting a pullback near inauguration day, so keep your powder dry.
I have been going thru my mutual fund portfolios, making sure I don’t have much exposure to the retail sector – because unless your Amazon, I think you are toast:
- Bloomberg – One Chart That Explains Why Traders Are Shorting Retail Stocks Like Crazy
- MarketWatch – After an excruciating holiday season, department stores may have reached a ‘tipping point’
- Reuters – Amazon to add more than 100,000 jobs in U.S. hiring spree | Reuters
Suggest you check your exposure level – Morningstar has the most up to date portfolios for most Mutual Funds.
Note: this is not an endorsement of Amazon’s stock, which trades at a crazy multiple – I am a fan of the company, not the stock.
Extra – It’s Friday, so let’s lean back and listen to some good music:
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