Salient to Investors:

Gary Shilling writes:

  • The fog remains thick, so reducing long positions in Treasury bonds and Japanese stocks and cut yen shorts, euro shorts and dollar long positions.
  • Maintaining long positions in US defensive stocks like utilities and health care.
  • Increased short position in junk bonds and initiated shorts in emerging market stocks and bonds.

Read the full article at  http://garyshilling.blogspot.com/2013/07/gary-shilling-position-update-2013.html

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On July 15, 2013   /   Bond Market, Emerging Markets Stocks, Euro, Gary Shilling, Healthcare, Japan Stocks, Junk Bonds, US Dollar, US Economy, US Stocks, Utilities, Yen