Today, the markets are selling off- I expected some upside but guess not-
Thankfully, I am 40% cash so- It’s fine. Yup, cash is king as always.
Morgan Stanley warns a potential drawdown. I agree- Things are too high. Seriously. I am not sure what is even remotely cheap…
Also, the volatility is very high. At 10:00 AM, my portfolio was up 1% then negative 0.7% and now it is up again all within 3 hrs.
My REIT stocks swung from -2% to 0% to negative again- This is not normal, of course, I bought some REITs and sold one and pocketed 1%, which is good.
All this volatility is dangerous. So I sold more.
Luckily, gold stocks popped today so I sold them. I am very bullish gold miners. But right now, anything can happen.
January 5th we have the Georgia Senate Runoff, which will be interesting-
Praying GA has robust elections-
Then January 6th we have the electorate vote, which will be quite a drama. Trump won’t go down without a fight and this election has serious issues from dead people voting, not matched signatures, Dominion voting machine issues so-
Expect lot of action and volatility this week.
My recommendation? Cash is king-
Thank You Jesus for a blessed day. Let us always be thankful for a new day, a new week, and a new year- Thank You Lord for all Your love and mercy Amen!
Rejoice at all times. Pray without ceasing. Give thanks in every circumstance, for this is God’s will for you in Christ Jesus.
1 Thessalonians 5: 16-18
If you enjoy the content, you can support the blog through clicking the referral links that I use in my life: Acorns, Robinhood, American Express, dropbox, evernote, and Scribd.
