“Default” isn’t really the issue, even though that is the term that the Administration and media use to describe October 17, the estimated date when the debt-ceiling is reached.
Monday, the S&P finished down 0.9% to 1676 (rounded) at the close.
MY INVESTED POSITION
I remain about 20% invested in stocks as of 5 March (S&P 500 -1540). The NTSM system sold at 1575 on 16 April. (This is just another reminder that I should follow the NTSM analysis and not act emotionally – I am under-performing my own system by about 2%!) I have no problems leaving 20% or 30% invested. If the market is cut in half (worst case) I’d only lose 10%-15% of my investments. It also hedges the bet if I am wrong since I will have some invested if the market goes up. No system is perfect.