July Investment Report
Something I'll be doing monthly going forward and posted on my profile on the Covestor.com site. Any trading detail is specific for the Opportunistic portfolio. July's report: June was another very weak market leading to one of the weakest 2 months on record when combined with the huge drop in May. While most people were focused on the European debt crisis and the weakness it was leading to in US economic reports, it has become more evident then ever that China has clearly come to rule this market. During June, the Shanghai Index.traded down to 2,400 some 25% below it highs in mid April. The fears of a slowdown in China has roiled the industries that this portfolio focuses on whether via mining companies in copper or met coal or even construction equipment companies that need strong emerging market growth for higher stock prices . This presents great investment opportunities as the Chinese government can surely be relied upon to keep growth at least in the 8-9% range goin...