Antero Midstream Added to the SMA Portfolio

By on October 4, 2019

Antero MidstreamAntero Midstream Corporation (AM) was added to the SMA Portfolio today at a price of $7. AM represents 0.6% of the portfolio. Midstream assets have been out of favor this year and appear to be relative bargains with generous yields.

The stock market appears especially treacherous with the ISM reading coming in weak a few days ago. The inversion in the yield curve several weeks ago has investors on edge. I’m wary of deploying all of the portfolio’s cash position in one fell swoop, even though I see a lot of cheap stocks in the market currently. A bear market seems somewhat likely in the coming year so I plan on taking it slow.

Disclaimer: It is very challenging to outperform a buy and hold strategy. Historically, investors have found themselves well-served over the long-term by investing regularly in a diversified portfolio of stocks or low cost, broadly diversified indexed stock funds. Information presented is based on analysis of past data and assessments by the Tactical Timing System model. Future performance may not reflect past performance. Profitable trades are not guaranteed. No system or methodology ensures stock market profits. Although accuracy is strived for, no guarantee is made regarding the accuracy of data presented.

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