Monday, August 13, 2018

Monday

As indexes bumped up against all-time highs again we saw some Friday profit-taking.

The plunging Turkish currency merited some attention and concern.  Their borrowing is spread through many nations and banks and in the scheme of international banking is not so great.  Still, defaulting can lead to a contagion.

In the USA a robust earnings season is coming to a close, the economy is strong, and the Fed is pretty transparent about rate hike plans.  There seems to be room to make money.  We're staying with our 100% invested position in ETFs: QQQ, IJR, RDIV,  and FFTY.

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