Quick google search shows that single family mortgages account for 90-93% of total lending dollar volume, multi family mortgages account the rest
5% of my portfolio is now insurance-related. Something they can’t tariff.
Also took a bigger holding in VYMI (less expensive foreign dividend stock)
Just trying to think of sectors that might be less affected. I might load up on more insurance too, it isn’t sexy but it’s stable and less prone to downturns (KIE, KBWP)
Are you summoning a rash of catastrophic wild fires, hurricanes, and earthquakes?
You’re gonna need to update this again after today. Blood bath on the NASDAQ.
4 Likes
Last S&P close under the 200 DMA: November 1, 2023
Will we do it today? We’re on the way, but the S&P could go -2.3% to +2.3% today and I wouldn’t be surprised at all. Volatility is high, and there’s no reason for it to settle.
Oh did Trump resign?
3 Likes
I suspect quite a lot of people are selling now in order to lock in their paper gains over the last few years, primarily because when they release the next quarters economic numbers…its going to be an absolute bloodbath.
Stupid gold, my entire portfolio was down like -0.2% today 
Eta -0.36% at 2pm
1 Like
Tariff war is going to get a whole lot worse before it gets better as the affected countries are now going on the offensive. This is all so stupid.
6 Likes
I don’t see +2.3% for many many sessions
Anyways who wants to place bets on the bottom?
3 Likes
I am interested in knowing when that will be.
2 Likes
Right now this would be one of the 20 largest one-day point drops in the Dow and one of the 10-largest one-day point drops in the S&P.
Percentage wise? We’ve got a long way to go. Hence, all of this is bullish.
My view is that it will settle around 5.5k until April.
And then it depends on whether Trump applies further counter-counter tariffs…
Then I could see 5k happening as all the countries in the tariff web respond.
Very happy that I rebalanced when I did. Timed it just right.
Trump keeps saying that stock market performance is not something he is concerned about. I don’t believe that for a minute.
Having said that, I think the global investment community is finally concluding that Trump is not as good for the stock market as they thought he would be.
2 Likes
Trump doesn’t really care because his latest grift is paying off.
His crypto coins. Its unbelievable how much he has already swindled there.
The interesting part will come when his very wealthy buddies come knocking on his door (as they are very much invested in the stock market)
Also, if anybody borrowed $$$ from their stock wealth…they are screwed. Margin calls here we come.
1 Like
