Good morning STB!
One week left till inauguration. Can we get across the line without any more damage? I did see moving trucks at the WH, so that’s a positive. Gonna take a minute to fix this mess.
Tu asked about 401k safety. Would they figure a way to lever our retirement savings to fight the debt? Do they dare? Seems like a Democrat move. The next (coming soon) banking crisis is terrifying. Are funds inside retirement plans actually safe from failing institutions? We’re (with many others) concerned about FDIC safety and have funds under those limits at multiple institutions. Check with your broker about such limits. American savings is the only golden goose left to attack. Then there’s investment risk, we’re all aware of that one. Been working hard pulling cash and working the STB best trade for a bit. In the end I think we’ll be ok with the Dems out of office. We just have to survive the storm (as you’re witnessing in Cali - glad ur ok and helping out!)
On to the lie -
Minis off 35. It looks like support will be lost today. That falling triangle, if that’s it, should control the fall for a week or two to 5650 area. Trump’s first week will be interesting if he gets there.
More to come below.
Have a good day.
GL and GB!
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