After selling Visa (V US) we now hold 11% cash in our MM International Portfolio , while MM remains bullish we do feel the air is getting a little thin short-term but the chart below illustrates the acceleration to the upside could easily flow through into 2022, as we say almost at nauseam the surprises usually occur with the trend and there’s no doubt the direction of that is up! However I remind subscribers that while MM is positive stocks over the year we are anticipating some elevated volatility which should provide some excellent opportunities for Active Investors like ourselves.
Hence today we have updated the stocks MM is most likely to sell and a new one I particularly like which hopefully is not too influenced by my love of boats!
NB There is a clear propensity with our selection to cut our underperformers as the quality continues to shine in today’s market e.g. Visa (V US) mentioned above.
