Today’s notice: Do not look at your 401(k). Pride and D.C. DOGE and Virginia. Shutdown tests. We repeat, do not look at your 401(k).
Tolerating Uncertainty
The stock market can tank and rise on just about any day, but this week it happened as some CEOs from the Business Roundtable were landing in D.C. to talk about the business climate at their previously scheduled quarterly meetings.
A week from now, the big index sell-off could be completely memory-holed, with values returning to where they were or even higher. We have seen this before, which is why it’s challenging to write about the stock market in a political newsletter. We were told on Monday some of these CEOs were looking for meetings with congressional leaders and the White House. Also not strange, but again: timing.