Summary
It was another very volatile week for stocks.
• We see multiple sources of trouble on the horizon for the economy, including a pending catalyst that could shock consumer budgets. • For now, cash flow is strong and the dividend is secure, but if things get worse later this year, the narrative could quickly change. • We are selling pops and waiting for substantial drops to redeploy capital. • This idea was discussed in more depth with members of my private investing community, BAD BEAT Inves ting.
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