Thoughts on short term market direction
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You can bet that Trump and his buddies bought this morning
It did give me an opportunity to explain to my daughter why she shouldn't panic sell, as has been explained here before, you invariably sell after that drop, and by the time you've decided to buy you've missed the best rises, locking in a loss.
@Ronski If only there were folk left at the SEC, they might get investigated
Trump’s actions are clearly manipulating the market in ways only he and people behind him will know.
Odds on that some very wealthy people have become much wealthier over TariffGate…all we mere mortals can do is hold on. -
That is why you 'buy a good business and sit on your ass' (Charlie Munger)
POTUS is mercurial to the extreme. As has been said, don't let the Trump-tail wag the investment Dog.
Love him or loathe him we are stuck with him and good companies will always shine through.
Volatility will prevail but we will get through it in time.
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Breaking news: Donald Trump is going to "make America's showers great again" by easing rules restricting water flow, the White House says.
The US president is ordering the energy secretary to rescind a change introduced by Barack Obama that restricted multi-nozzle showers from discharging over 2.5 gallons of water per minute overall.
This served "a radical green agenda that made life worse for Americans", the White House said, as Trump criticised the "ridiculous" amount of time he says it takes to wet his hair in the shower.I would have guessed he was a bath kinda guy.
Laser focussed on the issues of the day -
Saw that earlier….such a relief….
Let’s hope he moves onto the less important stuff like the Ukrainian war and sorting out the trade wars -
HI Oli,
The last 3 days was a big reversal(gain) followed by a Dip, followed by a modest gain(yesterday).
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What direction might we expect on Monday given Trump's reversal of China tariffs for (some) tech products?
The obvious answer would be gains for tech stocks but I know it's not that simple...
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You’d expect the likes of Apple to get a good tick up …but like Monty Pythons Spanish Inquisition…expect the unexpected
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Trumps taken a wrecking ball to the US economy, people trust him even less than they did before, so I think it will be some time before things recover, no matter how good the companies are trust in america has been eroded.
What's the point of doing a deal with him, when he'll change his mind the next day, next month or next year.
Markets need stability, not constantly changing direction with an unpredictable president.
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Our main Pharma holding is Vertex. They have majority manufacturing presence in Boston, Massachusetts, where they use a cutting-edge continuous manufacturing facility for cystic fibrosis drugs like Trikafta. Their golden goose.
Other companies:
