AFFT - A 10%+ Yielding Portfolio That Has Been Beating The Market

Macroeconomics:

• The US economy continues to do well despite problematic US-China trade negotiations.
  1. Consumer sentiment was 98.4 in July vs. an 86.6 historic average.
  2. The US consumer is still buying. YTD June retail sales are up 2.9% YoY with the month of June up 3.4% YoY.
  3. The Bureau of Labor Statistics reported the economy continues to add jobs, 164,000 in the month of July.Source: Bureau of Labor Statistics
• The Powell Put Is In. Back in January the Chairman of the Federal Reserve, Jerome Powell, gave a prepared statement which signalled not only a pause

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