When Joe Biden became president, I moved a large bond position (BLV) to consumer staples (VDC) on the expectation that this clown president will let inflation run hot, which sure enough he did.
This move allowed me to outperform the general market on the downside despite the bloodbath in cryptocurrency, which doesn’t concern me in any event.
Thanks for being predictable, Joe.
VDC vs. DJI vs. BLV vs. SPY.
I wish I had bought some Russian rubles 3 months ago though.
I moved a large bond position into consumer staples. Time will tell.
https://www.methylated.net/2021/05/07/i-moved-a-large-bond-position-into-consumer-staples/