We are looking longer term and holding investments associated with infrastructure, housing and fintech (banking done via your smart phone).
News out of Washington, over the next several weeks will determine the markets’ trend / trajectory…1) debt ceiling was crossed in July 2021 with gov’t default possible by mid-October, the infrastructure bills and a gov’t shut-down set for Oct 1. Washington usually solves these problems at the 11 o’clock hour.
Continuing to hold elevated cash levels while waiting on action out of Washington.
Has been very stable as the market turbulence increases.
Fed meets tomorrow and Wednesday. Then again on Nov. 2-3 and Dec. 14-15. A reduction or tapering of the Fed’s $120 billion monthly bond purchases could be announced on Wednesday but the actual reduction start date may not be until December 2021. All else being equal…interest rates will rise modestly as the Fed tapers.