President Trump vs the stock market?

President Trump. The good news is that the US totally rebuffed the Washington DC lifers. The bad news is that the Republican Democrat Regime still runs our country.

Stock market futures were limit down -800 or so a few hours ago. They are now -300 or so. Solar stocks are hit. Health care stocks are up.

I do think the path of least resistance for the stock market is probably lower for the next few days and/or weeks, as traders and pundits will be hanging on every word that comes out of new leader of the Republican Democrat Regime. And we all know that Trump will say some whacky, stupid, untruthful, silly stuff at any time. Overall, I doubt that the fundamentals of our country’s economy, the Fed, the reserve currency, 0% rates, QE, corporate and bank welfare…I’m not sure much of that will actually change any time soon under a Trump presidency. But the market might interpret it differently for a while.

So what’s the playbook for us now? I’d probably be a buyer if the markets get down -600 or more today. I’d probably sell some of my puts if the markets are down 400-500 at some point today. As I’d noted the other day:

I’d probably add to most of our existing stocks pretty aggressively if we get a 5-10% hit in the broader markets. Depends on what’s on sale and how much it’s one sale.

We’ve raised a bunch of cash, got some good hedges on our sheets and quite a few shorts over the last year or so. Steady as she goes.

Here’s a few charts that investors should be paying attention to rather than the intraday, overnight charts they’re looking at this morning:

I’ll be in the Trading With Cody Chat Room all day, so be sure to stop by if you’ve got any questions, worries or, even better, ideas to discuss today.