Tail Risks Growing

The S&P closed at an all time high on Friday.  

However, there are a growing number of tail risks that could cause the market to decline significantly:

• Suez Canal blockage
• Margin Calls, e.g. Achegos Capital this week
• SPACs
• Interest rate increase
• Higher tax rates
• Increasing Government Deficit
• New COVID risks
• Unknowns

Stock will keep going up, until they don't.   It's time to be caution:  take some profits, raise cash and be ready to buy low.

For more on New Beginnings, check back Sundays for a new segment.

This is not financial advice. Please consult a professional advisor.

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