Postcards: Clown Car Wednesday Cometh (And More on Cradle to Grave Stocks)

Jerome Powell goes to Washington on Wednesday, while the financial markets are sending Congress and the Federal Reserve a clear signal about America's future.

Market Update: As I said in my Republic Risk Letter this morning (You can get a copy here), I think Monday might be the last day we see a lot of green this March despite St. Patrick’s Day approaching. Though, based on seasonality, this is usually a good two-week period, we might well have an outlier on our hands. Five sectors went red today, and we should be worried about two of them: finance and technology. It could be a rocky next few weeks for the Model Portfolio, so use hedging strategies like covered calls. The bottom line is that I don’t like the feel of things between today and next week when the Bank Lending Program ends.