My latest for Alpha Baskets looks at an Everyone Into The Bunker type of portfolio. These are always interesting to consider because a small defensive component can improve a portfolio’s stats in terms of risk adjusted returns but of course too much defense and you end up with a portfolio of alternatives hedged with a little bit of equity exposures.
From the post;
The framing of this portfolio is an expectation of some terrible outcome; deflation, hyperinflation, a return to a gold standard or social upheaval. Rickards apparently believes that the end is nigh for the financial system.
Please click through to read the rest.
Also, this week’s Market Update in which we learned that some front running is now legal?
I went to a car show over the weekend.