CGC Portfolio Position Update #2
Changes made to our portfolio as of the end of January
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Since the start of the year, shitco’s — for the lack of better words — has rallied double-digit percentages and in some instances, triple digits.
The narrative on the street right now, in my opinion, is the following
Inflation is coming down and as such, a soft landing can be achieved.
Because inflation is coming down, the FED has room to pivot by the end of the year.
Consumer spending is still up according to Visa V 0.00, Mastercard MC 0.00 , and American Express AXP 0.00.
We still believe that this is all “hopium” and that the FED will not cut this year nor is the economy rosier than what others are interpreting the data as.
Since our FY 2022 position update, we have
Added 3 net new positions
Resized 5 positions
Here’s what they are below.