It’s never easy to be net short in a portfolio, especially when you make the transition (because you’ll always get the timing wrong) and especially when you’ve got an election just a few months out (because every White House will juice the market and this particular White House will stop at nothing to juice the market), but net short is the right call here.
Meanwhile, back at the ranch, Apple is raising prices, oil inventories are at all-time seasonal lows, and if you’re not a communist on the Dem side or an election-denying Trumpist on the GOP side you can’t win a primary.
