5/25 Larger Market Sell Off Looms

FOMC Minutes, Portfolio Adjustments and Debt Ceiling

Index

I. Reflection

II. Markets

III. Final Commentary

Reflection

Market ticked into the 4110’s and I can sit here happy shorting one of the most one directional moves in months.

It pays to have conviction and it pays to follow hunches. Just like it pays to have foresight and be wise enough to understand that you are undoubtedly unaware of your defects as a human being and how they are interpreted properly amongst others. As George Washington so humbly wrote in his farewell address:

“I am nevertheless too sensible of my defects not to think it probable that I may have committed many errors.”

To write publicly that you may have led your nation down roads it should not travel