BBBB-Barbell Portfolio™️& Bag-7-itis™️
Portfolio Update
Germany went Fiscal.
China went Fiscal (just announced a major stimulus to “revitalize consumption” and boost domestic demand).
Meanwhile, America went on a Detox…
Shrubstack has significantly outperformed the S&P with the help of “The BBB-Barbell Portfolio™️”…
…which later added another “B” for “Borsch” after we asked the question “What if there is Ceasefire in Ukraine?” - Part I and Part II
…and then re-enforced our thesis with “The End of American Exceptionalism” - Part I & Part II, Part III.
We proceeded to Give Thanks in multiple languages…
The same cannot be said for the majority of market participants, with many experiencing nasty drawdowns. Unfortunately, most of them still suffer from a very contagious and troubling disease called “Bag-7-itis”, defined by Shrubipedia as such:
BAG-7-ITIS (noun; pronounced “Bag-seven-itis”): A disease affecting monkeys that are pre-conditioned to buy-the-dip in the Bag7 stocks, completely oblivious that there is an investment universe outside the Bag7 and the US.
Right now, I think of those suffering from “Bag-7-itis” as the “Karens” of the Finance World: they stubbornly oppose any debate, they are tone-deaf to what’s happening around them and they are destined for failure. Oh well, can’t please them all!
Lets do a quick recap of the BBBB-Barbell Portfolio™️with a couple of lines per position: