This week we saw a decent bounce in stocks on Wednesday and Thursday after a painful sell-off. However, today (Friday) we gave back most of yesterday’s gains.
Thankfully, we still hold a lot of cash (check out the allocation provided on our home page), and gold is holding its own also. There is no need for us to take any new action right now. We just need to wait for a new direction to emerge. As long as volatility remains high, we’ll continue to play defense.
Have a great weekend.