What a great time!
I got to talk big picture and share my trading thoughts. Here is the bottom line: we are still in a bear market. I've been able to buy asset classes at good prices this fall after taking some money off the table back in August - but ask yourself, do you really think the Fed is going to let the market trade significantly higher ahead of inflation over 7%...5%...4%?
If you are super overweight stocks right now, you may want to consider taking some exposure off and get back to just overweight. With tax loss harvesting coming into play next month, a December Fed meeting, and earnings just starting to cave in, we could see some type of replay of December 2018. Meaning, lots of volatility.
Think about it - every growth player out there is hoping for a fast pivot back to cheap money - I'm looking for the Fed to do what they say they are going to do - finish off the hikes over the next few months then pause until inflation comes down, not cut just so your money losing tech stocks can trade higher.
As for bonds - I'm simply staying shorter term for now. Why step into a complex, risky environment?