We have multiple upside catalysts working at the same time, from Fed cuts, to elections, to cheap energy, to multiple expansion to China. The only thing that can hold us down is fear and the market isn’t scared of anything at the moment.
It appears we are in wanton greed mode, which is important to understand in the context of risk. Even though risk is on, that doesn’t mean we should comport ourselves like animals. I remain 100% long, largely mega cap stocks both broad and diverse.
I am NOT interested in doubling my money over the next month, but over an extended period of time.
Presently, I am down 9bps, but feeling ok about the broad strokes and hoping to close out September with gains of 2%+, which is fine especially when considering I started off down nearly 5%.
For October, I am extraordinarily bullish.
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