We exited Platiunum today with a profit. Our open portfolio gained ground. There were no new algorithmically-generated signals. The portfolio is small. This often happens before an abundance of new signals.
The stock markets surged, with the Russell up over 2%. The Fed is worried about American debt spiraling out-of-control. If the debt gets too big, credit markets will lose faith, rates will need to be higher. The interest burden will increase the current deficit further, causing a further rise to rates, etc., etc., etc. This could happen, according to the Fed, in short order, unless something is done in Washington. However, Washington seems complacent. After all, each generation of politician has been able to pass the mess on to the next generation.
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