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We are entering month TWO of the government shutdown. The markets enjoyed the first month gaining 10.5 percent…a shutdown record.
Using my fingers and toes I have extrapolated a gain of 125 percent for the markets this year if the government remains shutdown.
Just in case my simple formula does not work, Ivanhoff and I decided to make this episode of ‘Momentum Monday’ (click to watch). I made Ivanhoff prove to me he is actually in Bulgaria and he explains his upcoming long journey home to the United States.
I’m waiting for the markets to regain their 200-day moving averages to put more money back into the market but won’t be shy about trying a few breakouts we covered in the episode with smaller position sizes.
Have a great Monday.
Also published on Medium.