Hopefully you've been reading and heeding my warnings - stock index futures are down 1.5-2% this morning on the news of Ruth Bader Ginsberg's death and Trump and his cronies jamming through a nominee before the end of the year. Also, Nikola's founder abruptly resigned amid weeks of accusations that the company is a fraud. The founder resigning sort of proves the company is a fraud - hopefully the folks at GM who took a 10%+ stake recently did their homework and think it's not a fraud...
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There's a lot to do when futures tank like this, so get active and take advantage of the chop - whether you're positioned for it *before* it happens or not. Make the best of it, however you're set up.
I'm pretty well positioned, I wish I was shorter, but will definitely be making money today.
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1) Hot & not since market peak:
2) Folks upped their gross exposure at the wrong time. Just as I was reducing mine!
3) ICU occupancy, in case you forgot about the virus.
Good luck today. Hopefully you've been reducing your gross and net exposure. This isn't a one-day sort of event, so continue to tread lightly.
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