I know you folks were all ahead of me in seeing the gains today in your accounts.
I was doing my real job for the 1st 90 minutes of the trading day and just opened my accounts–WOW!
Virtually all of my accounts have now garnered the losses from last week back again. While I am really happy about that I am not happy with how we got to where we are at.
Right now Jay Powell is on the tube–I long for the days when markets moved on fundamental data–not press conferences and interest rate cuts. Can anyone guess when interest rates rise again? Years ago I used to write that we are the next Japan–and we are–they have had negative interest rates for 20 years or so.
This is another chance to review accounts and if you were stuck with something you didn’t want last week you could consider lightening up on those issues and then ‘shop’ with the proceeds.
A person has to ask “are rates going to go higher or lower in the next 5 years’? If the answer is lower then the high quality, low coupon issues with call protection might be the deal of the decade–of course if rates move higher then you get hammered.
I did sell a little of the UMH-D just a bit ago–200 shares. I was up to 700 shares so wanted to take a little off that table–I continue to hold most of mine.