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Where To Now?
I don't love Mag7 reporting days. Or maybe I should say Mag6 reporting days.
Tesla's its own thing
I do not know….but I am definitely feeling nervous.
I would like to minimize my individual holdings that have significant “key man/rock star status” risk- where there is absolutely no one obviously being groomed to take over leadership, and even if there is- the replacement won’t come close to filling the shoes of the current leadership. Currently, I hold 3 positions (I don’t own Tesla and I don’t consider Tim Cook to be “key man” in the way I define it) with an abundance of that type of risk.
I have started doing some research on individual stocks again for the first time in years.
A bell rings in Stock-land.
Powell’s remarks yesterday reminded me of 2018, when he made his “we’re a long way from neutral” comment, also sometime in October I believe. The market basically moved sideways until year’s end and then fell close to 20% the last two weeks in December until Trump publicly excoriated Powell, and the Fed abruptly reversed course. Not exactly the same, I know, but familiar in some ways.