Excerpted from the May 10th edition of Notes From the Rabbit Hole
While I am a gold bug, I am not a narrowly focused bug. In the markets I want to increase capital, where ever that can be achieved. The last several months of portfolio diversification have provided a solid increase. But it is time now to rebalance and tighten the focus. That is illustrated in much more detail in the segments that followed this one, in NFTRH 914.
SPX Target Registered
I seriously had no clue that SPX was even close to target, let alone realized it had hit the 7400 measured target yesterday, until I took a look yesterday afternoon. Though upside targets are seldom stop signs (at least mine aren’t, they are objectives laid out well ahead of time), it does give me a bit of pause.
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