Here is why I think it's smart to go VXX and sell off long term investments
at least for the rest of this week and hold through the weekend till next Monday
It's a perfect storm of jobless claims and the government is now in the media crosshairs to pass a stimulus. Last 2 times we were at this point months ago, the same exact thing happened. Wall Street sold off while awaiting the stimulus. And the more the government thought about it and dragged their feet (all branches and all parties that is) the longer it took for buyers to rush back in. We are right at that perfect spot I think where the public wants to know right now what is going on with the stimulus and all eyes are on the government to come to an agreement. And that is very unlikely to happen tonight and probably not even tomorrow in which case I think holding VXX over the weekend is a safe bet because I don't think government isn't going to finalize any further stimulus till next week.
Plus, covid cases are rising...I think now is the time
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