Highlights
- I believe we have enough evidence on hand to eliminate the "Risk On" scenario, leaving us to prepare for either "Mixed" or "Risk Off", the only remaining two scenarios.
- As a tactical investor, I am comfortable getting defensively positioned in these circumstances, including raising cash and adding short exposure, at the risk of mistaking a nasty correction in a bull market for an impending bear market.
- I can only imagine that most long-term buy and hold investors would be tactical if they had tomorrow's. . .
