Good Thursday morning. Heads up: we will likely add some insurance in the near future. Had the assassination attempt against Trump been successful, we have a pretty good idea what would have happened; we may have experienced a market decline as bad as the meltdown during the plandemic, in early 2020. We are aggressively long the market, with risks that are real. Insurance makes sense.

During the plandemic meltdown, the VIX (volatility index) rose more than 600% (from 12 to 85), in just over a month, as the equity markets fell more than 30%. We are looking at using UVXY (3 x Volatility ETF) as our insurance, which soared more than 800% from February to March, 2020. Like all insurance, if we get to the election without a disaster occurring, we will likely lose 50% on the trade. That’s a risk/reward we can live with. It’s the reason we buy insurance….to help protect us against a worst case scenario.

We know from speaking with many of you that this is a real concern. They wanted Trum...