Weekly Update, December 24, 2017

Lance Roberts weekly update has some rational advise for EOY and January positioning; it may be different this year as folks try to play the best / worst of tax reform between ’17 and ’18.  https://seekingalpha.com/article/4133673-yes-virginia-santa-rally – for me, i am pretty much following Lance with these tactics:

  • It is through following these basic rules that, with the markets overbought, underlying fundamentals stretched, we continue to suggest some portfolio actions be taken to reduce, not eliminate, overall risk.
    1. Tighten up stop-loss levels to current support levels for each position.
    2. Hedge portfolios against major market declines.
    3. Take profits in positions that have been big winners
    4. Sell laggards and losers
    5. Raise cash and rebalance portfolios to target weightings.

Jeff Miller WTWA focused on implications and reactions to Tax Reform (sic?)

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