We are in for a seismic shift in power and policy. There are so many global conflicts and potential economic tariffs on the horizon. There’s no telling what the market will do.
But, I can’t imagine that the market continues much higher in the face of so many potential risks. Something’s gotta give…
To be safe, I’d rather give up potential gains to protect my capital in the face of uncertainty.
Like Warren Buffet says, investing is like being at bat without any strikes. You can just wait for pitch after pitch, and hit the one you like.
Right now? I don’t like any pitches.
I’m raising cash and shorting some technology
I’ve raised cash and I’ve actually shorted some technology stocks by going long put options - NVDA 0.00%↑ GOOG 0.00%↑ IBM 0.00%↑ IOT 0.00%↑ Through year end.
Proceed into 2025 with caution. My gut feeling is it’s not going to be that pretty.