3 ms·
Liquidated my speculative longs two weeks ago in anticipation of such a downward swing. Valuations have been divorced from reality for years, and I'm hoping thi
by stego-tech 2y ago
Liquidated my speculative longs two weeks ago in anticipation of such a downward swing. Valuations have been divorced from reality for years, and I'm hoping this is a long overdue reckoning for the whole market. Seeing some stocks disproportionately impacted also suggests the market is preparing for a chaotic few years ahead, as the US administration flatly admits they don't care what businesses think about policy choices like tariffs or gutting of the Federal Government, nevermind the brewing constitutional crises.
Put simply, I do not see meaningful and consistent value in the US Economy for the next four to six years. I'm doing research on taking my longs into index funds or positions in other markets that have a diversified economy (and not mostly services/imports, like the USA) and will be steaming away from their dependence on the American market in the following years. If I invest into anything domestic, it'll likely be companies reshoring parts of the supply chain and retracting outsourcing.