Coast to Coast

Since the December 19th letter I sent out, the markets have gone coast to coast – from severely oversold to slightly overbought. What a difference a little time can make. The stocks mentioned in that letter have also responded favorably – Berkshire Hathaway +5%, Apple +10%, J.P. Morgan +8%, Wells Fargo +6%, Citigroup +25%, Facebook +28%, Exxon +13%, Schlumberger +15%, Whirlpool +29% and FedEx +15%.

 I would not be surprised to see the market take a breather for a while after such a strong rebound, but after that your guess is probably as good as mine. I don’t see any major portfolio changes other than a few sells if some of the more economically sensitive stocks keep moving higher and adding to the gold stocks on a pullback.

There is still a lot of political and economic uncertainty and the world has feasted on low interest rates and cheap debt, all of which will likely create more volatility going forward. As such, we will continue to maintain a more balanced approach between T-bills, stocks and gold, while trying to take advantage of any dislocation that may arise.

Thank you again for your business and trust,

David Burgess

The information contained herein does not suggest or imply and should not be construed, in any manner, a guarantee of future performance and/or investment advice. Past performance does not guarantee future results. Therefore, no current or prospective client should assume that the future performance of any specific investment, investment strategy (including the investments and/or investment strategies recommended and/or purchased by Burgess Investments), or product made reference to directly or indirectly on this newsletter or company website, or indirectly via link to any unaffiliated third-party website, will be profitable or equal to corresponding indicated performance levels. Returns are historical and based on data believed to be accurate and reliable. We believe the above information is reliable and true but cannot guarantee its accuracy.
David Burgess
sherri@bigideacreations.com