Well, every attempt I’ve made at wading back into the bull market pool has been swiftly met by a destabilizing splash made by a bear cannonballing off the diving board.
So, until further notice, I’m going to hang by the cabana sipping on my virgin daiquiri and waiting for calmer waters.
Meanwhile, I’m going to attempt to get paid while I wait by selling some delta-neutral premium in a (relatively) safer area of the market, as defined by a powerful bounce of recent lows in consumer staples.
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