🔒 Alec Hogg: Why we sold three top performing stocks

There were a few surprises for around 300 Premium members who attended yesterday’s monthly webinar updating the BizNews Share portfolio. We implemented as many changes as previously averaged annually in the six-year-old model portfolio. It’s worth repeating the reasons.

Read more: Alec Hogg: Heeding warnings, changing BizNews Share portfolio

Despite the tidal wave of freshly-created money, largely because the dollar remains the world’s reserve currency US interest rates have turned upwards. It seems the extra greenbacks are being mopped up around the world. Reversing interest rate cycles are usually reliable turning points for stock market cycles.

Another sign of the end of the bull run is reflected in the mass of new retail investors – as ever believing they’re bulletproof; that there’s easy money to be made; and supported in that idiocy by newfound prophets. The biggest signal of all, though, is alarm bells ringing for “emerging tech” stocks in Ray Dalio’s Bubble Indicator.

Read more: Alec Hogg: Witness social media’s power to unblock minds

In the report the man who runs the world’s biggest hedge fund, explained that his indicator shows emerging tech stocks are in a 100% Bubble – similar to the overall US market in 1929 and 1999. So out went Spotify, Cloudflare and Adobe, all three of which stood out like sore thumbs in the tech-heavy BizNews Share portfolio. When risks rise and one receives repeated warnings, best to take action. Even if it is unprecedented. Here’s the link to the webinar recording: https://youtu.be/yWl833hE6Fo

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