“Cut Stocks, Buy Gold, Hold Your Cash, JPMorgan’s Kolanovic Says”

“A debt-ceiling negotiation that remains in limbo, elevated recession risks and a hawkish Federal Reserve stance are just a few of the reasons JPMorgan Chase & Co.’s Marko Kolanovic is advising clients to further dump equities and hold onto cash.

A team of JPMorgan strategists led by Kolanovic trimmed its allocation to stocks and corporate bonds while boosting its stake in cash by 2%. Within the commodities portfolio, the firm also rotated out of energy and into gold on haven demand and as a debt-ceiling hedge — another move intended to strengthen the JPMorgan’s defensive posture…”

https://finance.yahoo.com/news/cut-stocks-buy-gold-hold-131309610.html

Oh whats this? All of a sudden it’s the cool thing to have cash on hand? Just a few months ago it was suppose to be the end of the dollar and hyper inflation. All of that nonsense these experts were spewing was garbage. You know who was correct? Me. Not only did I tell everyone who visits this site why you should hold onto cash and how to use it. I also explained why hyper inflation will NOT happen anytime soon and I also said the dollar wont crash. Also if the dollar did crash I said when I think it would be.

I said all that to say this. Consider yourself fortunate if you frequent this site. You are ahead of the curve.