The market has snapped back well from Monday’s big decline, but we’re still advising a “halfway” stance (half-in, half-out) while we wait for the market to show its hand. We’re holding about 45% in cash and are willing to move in either direction, but it will come down to how the market acts from here. In tonight’s issue, you’ll get the latest updates on our Model Portfolio stocks, as well as a few new ideas (including some words on Alibaba’s upcoming IPO). We also highlight some sentiment readings and a potential “new” leader that we owned earlier this year—the stock looks to have finally broken out on the upside last week.
