Last week I moved from 1% to 10% cash.
This week we've had the Fed's do a complete 180 degree turn, which no one expected.
Overseas investors will be weighing up what effect this will have. Definitely a weakening in demand for US Bonds as the USD tanks.
I can't help thinking the Fed is just reacting to Trump and trying to offset the effect he is having on the economy. If all of Trumps issues (Trade Wars, Wall etc) were immediately resolved, would the Fed be back to hiking rates? The market seems to react to everything these days, with little look ahead, so buckle up.
