This is so boring, the last nine months that is. Our portfolios are in a stalemate, making money in long gold and long bonds, treading water in short oil, and losing money in short stocks. It makes sense, the whole Trump game plan is not really about immigration or health care, it is about lowering taxes on the top end and capturing the gains on the stock gains created by Bernanke’s QE program.
We will just have to see how the tax plan unfolds, now that the other issues have been put aside for another day.
It has been almost a month since my last post, no reason to talk about nothing.
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