But how did the Trudeau-Trump call go? How will the market react when it finds out Canada is not for sale?
That’s why I think he’s going to lie about it.
Being brutally honest, no foreign leader is going to gain anything from releasing anything positive in any call with Trump. They say something positive, he takes it as a show of strength and sees the other side as being even more weak. They’re better off saying nothing about a call and not giving in on anything, letting him issue a lie, then issuing a statement along with receipts about what was really said and exposing him as a big fat liar.
I will say that on the news that Musk and his cronies may have access to Treasury’s systems, I’m surprised the rest of the world didn’t take U.S. equities out behind the woodshed. I have an extended thought about what could cause that and how things play out from there, but IMO it won’t take much on the “Musk can access Treasury’s systems” front to get the rest of the world spooked and cause a loss of confidence in the U.S. Treasury, and at that point I don’t know what the strategy is or how you even prepare for that.
I’m not thinking about adjusting my portfolio in the short term due to politics.
I have been shifting it in recent years due to situation (retirement+age) and to diversify/rebalance. I’ll continue to make gradual moves here over time.
Was just looking at current allocations. Robo advisor thinks I should be at 15% fixed income where I’m closer to 10%. It also thinks I’m a little heavy on US large caps (49% vs 45%), a little heavy on international (23% vs 20%) and light on small caps (10% vs 15%).
I’m OK with where I am on large caps vs fixed income, as a decent chunk of my large caps is in dividend payers with the biggest piece in SCHD (nearly 12% of portfolio in SCHD alone). Also OK being a little heavy on international now. Perhaps I should be throwing more new money into small caps, but I’m not making any major reallocation.
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Trudeau is smart enough to play Trump the way he did in 2017.
Will be interesting to see what happens with a no fucks to give Trudeau dealing with Trump.
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