Over the past few weeks, I’ve expressed more and more concern about rising risks for the market.
I’ve been worried about North Korea’s rapidly advancing nuclear and missile program—and not just for the impact it might have on share prices—and I’m skeptical the current president has the political and diplomatic skills to deal with it.
I’ve also noted the busy legislative calendar in Washington, D.C., with a new budget, a potential government shutdown and possible clash over raising the debt limit on the horizon. (This week, President Trump made a surprise deal with Democratic Senate Minority Leader Chuck Schumer and House Minority Leader Nancy Pelosi to extend the debt ceiling until December and throw in some aid for victims of Hurricane Harvey in Texas and Louisiana.)
Meanwhile, Wall Street seems mesmerized by the prospect of tax reform, which looks extremely unlikely this year.
We laid out the whole case in a special alert to paid subscribers last week, which recommended specific actions.
But if risk is rising, why stay in the market at all?