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What The PMs Are Thinking
Look, I'm a simple man.
Not really. I'm actually so complicated that even I don't understand myself on most days.
But when it comes to my personal investments, at least, I don't overthink it. As I put it earlier this week, in response to a commenter who wondered if the pullback in US equities is a dip worth buying,
Generally speaking, a long-horizon, balanced portfolio is adding low-cost US equity index exposure once a selloff gets beyond, say, 7%. Not investment advice, but you want to dolla
“I’m actually so complicated that even I don’t understand myself on most days. . . .”
“Phil Connors was a god, not the God. . . .”
“He (Charlie, not Phil) . . .”
All gems! I agree with Charlie’s PMs that we may have reached a bottom, but not the bottom. PMIs tomorrow, and potentially another round of tariffs on April 2nd. Tech may have bounced some today, but other sectors–industrials, materials, discretionary, and consumer staples–still need to sort out exactly what these tariffs mean.
PPI tomorrow . . .
What about if you are retired and live off the nest egg? Reallocate?
This chaos ends when Trump shuts up for a couple of weeks. When do you think that’ll be lol