Portfolio Strategy

[Memo] A Note from CEO – View on Current Markets & Portfolio Strategy

Posted by | Investing Framework, Memo | No Comments

Following is a copy of memo shared with Stalwart’s clients during August 2017 – Markets were rallying one way up since the start of 2017 and many began to believe there’s really nothing that can stop this rally amidst so much liquidity and no alternate opportunity for deployment. Then happened the least expected regulation twist during the month of August which should have ideally effected just those 331 alleged “Shell” companies in whose stocks trading got suspended with immediate effect, but when it comes to markets the ‘cause and effect’ is complex and often goes beyond the obvious and even minor developments could spread into deadly contagion.   Some of our stocks too have corrected, however, these are merely mark-to-market changes as long as we have confidence in the underlying thesis. …

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