The ONLY Thing That Matters to the Markets When It Comes to Impeaching Trump
I have to admit, I wasn’t too surprised that Democratic leaders roiled markets earlier this week when they announced potential impeachment proceedings against President Trump.
What I worry about is how any impeachment potentially impacts YOUR money.
I think traders sell off ferociously if the impeachment proceedings move beyond fanciful conjecture leading up to the 2020 elections to the possibility of real transgressions. Anything short of that will render them moot, effectively a well-publicized sideshow characterized by unprecedented and exceptionally vicious headlines, name-calling, posturing and finger-pointing – to be clear – from BOTH sides.
The single most important thing you can do right now is twofold.
First, be sure you are constantly focused on protecting your profits and your capital by harvesting winners every time they hit pre-defined profit targets laid out in advance of short-term market movement.
Second, jettison stocks, bonds, ETFs, mutual funds and any other investment that fails to meet expections or which bumps up against trailing stops you have in place at all time – “just in case.”
If you are a paid subscriber to any of my sister services, what I’m saying should sound very familiar because we’ve been gradually tightening up both profit targets and trailing stops for months ahead of the possibility of more volatility and short-termism.
If you’re not a subscriber to those services including specifically, Money Map Report or High Velocity Windfalls, you’re not out of luck.
Carefully review your holdings – and I mean ALL of ’em – right now with an eye on which ones you’re going to keep, which ones you’re going to sell if the markets force your hand, and, importantly, which ones you’re going to buy more of if the markets give you that opportunity.
The bull can continue to run – there’s plenty of support for still higher highs ahead – but we have to be prepared for one or more of the herd to step in the you know what in the meantime.
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- The markets care about one thing and one thing alone when it comes to impeachment.
- Protective action includes taking profits AND avoiding losses for reasons that surprise most people.
- What happens next will depend on news nobody (but us) sees coming.
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