Hard to invest with this level of uncertainty from month to month: Trade deficit soared 94% in November and was higher than a year ago, despite tariff efforts
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Last month one or two of us mentioned the outsized role of gold and silver exports as a component of the large export number that was publicized for October. Much of the large drop in exports in November appears to due to be a large drop in non monetary gold exports ($7.6B out of $11B). Not sure how significant that is.
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I no longer try to beat the market by trading. Over the past year I have just rolled my covered calls out and up or down as the market would have it. The results have been quite good. One needs to get used to volatility, after all, all that goes up does tend to come back down.
The major risk is capital loss should the stocks not bounce back. There is no sure fire way to prevent it and my approach is to use only stocks that I would be willing to hold for a long time.
The Captain
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Tech stocks continue to deliver good earnings numbers—as expected. Some are fully valued already but others are doing fine. The issue is mostly how long will that continue.
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