Another day, another big move in the markets. At least initially to the higher side. I’m sticking with the game plan, doing a little trimming and reshorting some indices to keep hedged.
I’m writing up a bunch of analysis about what we should expect for the economy and the markets next, including just how bad the 2nd quarter of economic activity is going to be but how we need to look past it because the markets will be looking past the next 90 days.
Of course, if the Coronavirus Crisis is still in full effect in the 3rd quarter too, there won’t be much for the markets to look past at that point. It’s why we remain hedged even as I scale into more of our favorite Revolution Investing names on weakness and why we trim/reshort on spikes.