Realization

Well, the verdict is in and the next Fed move will be a cut. Everybody was getting pumped about the Fed cutting even though history shows that when the Fed starts cutting the market sells off. Why? Because growth is slowing and that will negatively affect corporate earnings which means stock prices need to adjust. The adjustment is to move lower. So here we are with some selling picking up. Is this the crack that leads to a more major move lower? It will take more than a day or two to know. If we are in the process of a new lower trend it will be a slow steady process of selling over the coming weeks.

I sold my money market fund this morning and have some fresh cash ready to deploy. The question is where to put it. I am eyeing both lor and pfn as prospects.