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John Brennan and Democracy in America

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Financial Fitness & Life Planning

June Market Update

In June the market continued to struggle to gain ground.  The primary hindrance is tariffs.  Investors are now starting to take escalating trade tensions more seriously as effects within the economy are already being felt.  I am skeptical, however, that there will be an all-out trade war because it would be so counter to the interests of the United States, China and other nations.  There is room to maneuver now because growth is robust, but if that were threatened then it would become not viable politically.

This month I boosted both Kraft Heinz and Genuine Parts to full-sized positions in the hedge fund that I manage.  The consumer staples sector appears to have snapped out of the doldrums, and Kraft Heinz has the best management in packaged foods.  Genuine Parts is a quality distributor with commanding market share in the attractive automotive parts industry.  It has raised its dividend for 61 consecutive years.  

Michael Berlin can be contacted at mberlin@mhbpartners.com and at (631) 629-4928 .

The information included in this article is not intended to be used as a basis for making investment decisions nor should it be constructed as a recommendation to buy or sell any specific security. Consult your investment professional for additional information and guidance.
 

 

 

 

 

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