Portfolio Update
Barely any confidence buying anything except CD's
I got stopped out of STLA, GOOGL, and I'm still holding just the starter position (10% of my portfolio) of TSLA {which is more or less at break-even as of today}.
STLA had a pretty solid breakdown/flush of the key support level of $11 at the end of March (tariff driven). Then GOOGL broke it's 2-year uptrend in mid-March (in the cross-hairs of an anti-trust case to break it up). Basically these two stocks got punished by the current administration and I'm staying away from them until it looks like they have any sort of fair fighting chance; which might not be for 4 more years...
60% of my portfolio is in a 1-month CD yielding 4.3%... because I have almost 0 confidence buying stocks at the moment. It's so unpredictable with the current administration's erratic decision making that it doesn't feel right to be long or short {for individual stocks, the market as a whole, and even the bond market!}. It feels a lot better to be near flat. And the only reason I'm still holding TSLA is due to the fact that Elon is the only public company CEO who is definitively buddy-buddy with the shot-caller of the global economy who holds the reigns to the most powerful economic tool one person could ever wield: tariffs.
But more importantly, TSLA is holding up from a technical perspective between the 214 and 290 range it has now established (with volume confirming); and it popped 5% after it's earnings call this week when Elon said he's going to dramatically pull back from his foray into government affairs (which was likely actually a very savvy business move to befriend the authoritarian Commander In Chief) to allocate more time to TSLA.
If you had to invest in a Russian business, wouldn't it make sense to buy the stocks of Putin's closest oligarchs? Yep, that's pretty much what my analysis has been reduced to. What a world we live in...
So for now my portfolio is 10% TSLA, 60% a 1-month CD, and 30% in cash [for possible opportunities].
When in doubt, wait it out... until there's some sort of clarity on a sensible move forward.