It has been a good run so far this year and I expect it to continue but I think it is time to think about some downside protection. With the market closed today I plan to take the day to think about “cheap” ways to buy insurance on my portfolio.
Central Banks are still providing liquidity and I believe the money that the ECB has already “provided” is still working its way into the system…
Other thoughts:
The Mexican Peso ETF (FXM) with its 2.6% yield looks interesting here but I will wait until it breaks above $75.
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mattmarsh
miltonfriedman
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