Mining Sector Ideas

[gfp927z]

Bigworld, Just curious if you were able to get out of SVIX this afternon? It's possible the stock market finds some support once the panic selling peters out, but as of now the stock futures have tanked and Vix is soaring. It might have gone the other way if Trump had more clearly backed off. But these 'binary events' just seem too unpredictable to bet on imo.

Fwiw, I actually feel somewhat better about the stock market now, since the tariff 'worst case' is now known. If the coming weeks show a stream of negotiated deals at lower rates, the stock market could stabilize and start recovering. The big question then will be the monthly economic numbers and corporate earnings --> how much deterioration is occuring month to month, and can a recession be avoided? Those question will likely drive the markets the rest of the year. The Fed could also step up with some rate cuts.

I'll probably start to gradually nibble back into stocks, depending on how low the entry point gets, and also will watch for Buffett to start buying. But no big moves yet, though maybe a modest 'buy the dip' trade might make sense. 'Play it by ear' looks like the rule right now.



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