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Morning Matters:

Morning Matters Portfolio 2020 Update
by Geoff Garbacz

February 7, 2020

For 2020, the S&P 500 is up 3.56% from 1.64% while the Russell 2000 is now up by 0.54% from -1.21%. The Morning Matters Portfolio has pulled back to down -0.67% from -1.76% for the year. We are now 67% invested which in theory means the portfolio should be up 2.38% if the S&P 500 is up 3.56%. So we are now lagging slightly our benchmark relative to the percentage invested.

The portfolio is now 67% invested long, 0% short and 33% in cash, net long 67%. For 2017, the value of the portfolio was 970.84%. For last week. Run as 12 stock portfolio it is up 506.90% through year end and is now at 505.14%.

For a listing of all trades both open and closed simply look under Portfolio on the left hand side of the website.

Current names include Ford (F) Viacom (VIAC) Blackberry (BB) China via FXI AT&T (T) Micron (MU) Google (GOOGL) and Walt Disney Inc. (DIS).

Dividends are not included in our results unless there is a special one time payment.

We positioned in late December of 2018 that, "Markets are setting up for an epic buying opportunity last seen in 2015 or 2011". That has proven to be correct but the easy money is in.

A good start to 2020 has moved into some bumps and weakness due to Coronavirus though there was a recovery this week from last week.

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