I can describe my portfolio positioning for the weekend in one word – “fetal”. It’s not that I know what will happen next week, but I am confident that the odds of something bad happening far outweighs the chance of good.
When I consider the GOP congressional clown car and whether our government will go into default for the first time in history, I realize nothing would please these political anarchists more. But if they screw things up and throw a monkey wrench into our recovering economy; it’s going to hurt all of us who trade stocks in the public markets, regardless of our own political affiliation.
What better set-up for a 2024 campaign than to have the U.S. in default and suffering a disastrous hit on the economy of millions of Americans. What better time for a “strong man” to step in and save the nation?
b.