There is a long standing saying about the stock market.
Namely, what happens in January sets the stage for what the rest of the year will be like.
Wall Street has this week to make January end in the positive.
Somehow I do not believe that will happen.
Moved everything into a money market account, into asset preservation mode. When things turn, then I’ll get back in.
There are middle class families who have made out like bandits under Biden (assuming you had your house and cars when the regime came to power). Federal dollars have been raining from heaven if you have kids. Your house and auto valuations, along with your 401k are through the roof. It’s been a great ride for some people but the piper is about to be paid. When that 401k hits below Trumpian levels and that loaf of bread hits $5, the regime might have to deploy the anti domestic terrorists squads for those terrorist housewives.
The PPT* is at work
*Plunge Protection Team