When the elephants dance it’s the ants who suffer. Investors and traders headed for cover as Trump and the Chinese danced their kabuki dance. We did too, completely flattening our positions. But…but…what about our positions? We can always buy them back, higher or lower but paper losses don’t appeal to us.
Oddly enough we don’t consider the Obama bull market over yet (although Trump is making every effort to tear it to pieces). But why sit on downtrends –rather scrape up your capital and look for buying opportunities–which will come.