June 29: Not much has changed during the month. Expect uncertainty and pessimism regarding Fed tightening and the likely outcome along with geopolitical fatigue to continue dominating the markets. Markets have been down hard during 17 weeks this year and moderately positive in only 8 weeks. Like all trends, it will run out eventually. In fact, once all negativity is price in any good news will start a recovery that could be quite strong.

Given this, some growth oriented stocks to look at that should be good over the next 30 – 90 days include: TALO, VLO, MPC, AMR, CVI, CMLS, PBF, DK, and DXPE. Some dividend growth stocks to consider include: CVI, EGLE, PSX, ARREF, BMA, ENLC, EPD, SU, PBR, ICL and GLP. During the last 30 days, the strongest (in the least bad sense) were: PXE, XLV, and IYH.

I am also adding the closed end fund HTD to the list of “buy and hold” or “set and forget” funds. In the meantime, good investing!