Very nice piece on this man, and this is a gold nugget:
The technical definition of a recession is defined as two consecutive quarters of negative GDP growth. But when that happens, it will be too late. The stock market tops out and begins to decline before the economy rolls over. This is the reason why the inverted yield curve is so powerful, it’s a leading indicator and will give you forewarning to reposition your portfolio for tougher times.
I am think of blue chip dividend paying stocks must have consumers goods like Coca-Cola, ATT, JNJ, and perhaps some nursing home stocks which seem recession proof. What ares will you move your portfolio to the weather the coming storm?
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