Simon considers the recent turn towards cyclical stocks and higher bond yields that have fooled consensus positioning. He cautions against blindly relying on forecasts of any kind and, instead, focusing on bottom-line fundamentals including the sustainability of record corporate profit margins. He also examines economic, stock market and stock market sector performance under Democratic and Republican administrations going back to Truman and how perilous it can be to position in line with political leanings. He provides updates on MRK, KVUE and STZ and how they look interesting in light of the current rotation away from defensive names.  

WIG Stocks: MRK, KVUE, STZ 

Non-WIG Stocks: n/a 

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