Trade Alert: Flow into the market’s ebb
Over the last five weeks, I’ve been to NYC twice and visited Austin and Las Vegas too. With the novel coronavirus still growing in the US, I’m going to stop traveling for at least the next four weeks. I got back from NYC early this morning and am back in the office full-speed today.
As for the markets, I’m doing exactly as I’d outlined earlier this week — I trimmed the huge rallies. I’m nibbling into the panicky selling today (and a little yesterday too). I’m not in any rush and I’m doubtful the stock markets rally right back to their all-time highs in the next few days, and I think we should keep some hedges and cash on hand for more potential panicky selling. Don’t try to catch the exact bottom. Just use the ebbs and flows incrementally to our advantage. I have a lot to write about and analyze from my trip so stay tuned for that this weekend.
In the meantime, please come join me for this week’s Live Q&A Chat at noon ET today (Friday).
