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gfp927z

05/01/24 5:55 PM

#1271 RE: bigworld #1263

Bigworld, Well, the Fed meeting came and went, so what next I wonder? All things considered, it's hard to not have a queasy feeling about the rest of the year. With the Fed now apparently on the sidelines, the uncertainty and angst over the election will grow in importance. Beyond that will be the ongoing economic and inflation data, and the geopolitical / war landmines and potential black swan events.

Fwiw, I used the brief afternoon Powell 'bump' to reduce the stock allocation even more, down to a measly 5%. So just a token exposure to stocks, but will hopefully get back up to a 15-20% allocation after the election. Of course if Trump is elected, all bets are off since the mega freak out by the media and Deep State will be just beginning. They'll likely have the impeachment process rolling even before the inauguration. If Biden wins there could be a sigh of relief on Wall St, until people remember that he'll be 83-87 years old during the 2nd term, yikes.

But after the election the Fed will be free to lower % rates as needed, so the bull market in stocks could resume. Trump is reportedly talking about reining in the Fed's independence, being able to fire Powell, etc. That gives the Establishment even more reason to see that Biden wins the election. Anyway, looks like no shortage of angst in the period ahead. Probably best to watch from the sidelines imo.



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