Replacing the Outdoors With Oil in the Model Shadow Stock Portfolio

Quarterly changes, plus a look at how the portfolio performed during the best and worst months over its history.

Belief that a so-called “Trump put” would protect the stock market evaporated by mid-March, as President Trump refused to rule out a recession and continues to modify and escalate tariff policies without presenting a clear long-term strategy.

Investors, consumers and businesses tend to pull back in an environment of uncertainty. Investors had bet strongl…