Decided to Bulk Up in Old Man Stocks

Here is my thesis, at least for tomorrow and perhaps into the future.

Rates will decline, which will provide a benefit to the balance sheets of regional banks. With yields dropping, large cap dividend payers will be bought. This might coincide with overall weakness in the tape — because let’s face it — this market is fucking nuts.

The specter of a reversal to the downside is very much in my heart; but I have yet to see any actual evidence that this is happening. Ergo, before getting short — it might be wise to reduce risk and bulk up on lower beta high divvy stocks.

This is my play.

Tactically, I’m up 3% for July, 49% for 2023, and to be honest have nothing to spend the money on. I will never remove it and really need to get myself a S. Dakota trust ASAP. There isn’t a sense of urgency for me to make 50% more or 5% more from now through Fall. I will, however, impose my will upon any tape that possesses violence.

Good day.