Stocks are lower, but nothing too dramatic. These sell offs are all too cliche. Just when you thought the market couldn’t go down, shouldn’t go down, wouldn’t go down, you get a pick ax to the cranium. BAM!
It’s important to note TLT is a non-stop ferris wheel of fun, firming up in the month of August because that’s what TLT does in August. All of my positions are lower, except my HDGE hedge. Plus, my 35% cash position suits me just fine on days like today.
In short, nothing has been decided by the Fed. Therefore, it makes little sense to play Russian roulette with an automatic pistol here. Chill out, relax, and enjoy the bloodshed.