04-19-2025, 04:03 AM
I do think we might be heading for something more than just a small correction. Whatever happens with the tariffs, I think the damage has already been done as a short/mid term lack of trust in the US as a trade partner. Uncertainty always makes companies cautious about their spending and more cautious about the deals they make, if that persists over a period of months it will start to hit the global economy.
The central banks around the world are still in the long-term trend of pushing down interest rates, which signals that pretty much all of them see some clouds over the economy.
I've made some unusual (for me) moves to deal with this, too early to say if they have been successful. But I did sell a tiny part of my long-term holdings (a few specific companies) late Q3 last year, and now in April I've sold some more (again just a couple of specific companies) and also bought some mid-term puts on the indexes.
So I guess the long-story short is that I'm still mostly invested, with some downside protection, and I'm being very cautious with buying the dips at this point, but I am making some purchases here and there.
The central banks around the world are still in the long-term trend of pushing down interest rates, which signals that pretty much all of them see some clouds over the economy.
I've made some unusual (for me) moves to deal with this, too early to say if they have been successful. But I did sell a tiny part of my long-term holdings (a few specific companies) late Q3 last year, and now in April I've sold some more (again just a couple of specific companies) and also bought some mid-term puts on the indexes.
So I guess the long-story short is that I'm still mostly invested, with some downside protection, and I'm being very cautious with buying the dips at this point, but I am making some purchases here and there.