Postcards: Don't Wear Your "Dad Shoes"

Returning to Florida will be nice, but we can buy great stocks from anywhere. Plus, I half-ruin a new pair of shoes out of a foolish commitment to fashion.

Market Update: Selling pressure increased as the market continued flirting with all-time highs. Selling pressure may lead us back into negative territory - and investors should remain hedged despite our positive signals. While markets have crowded into the FAANG stocks, the underlying selling is very noticeable, with just 66% of stocks trading above their 50-day moving average - down sharply since the start of the year. It’s an excellent time to keep following momentum where it’s working.

Dear Fellow Expat:

My wife warned me two hours before the flight.

“There’s snow on the ground in Baltimore,” she said. “You need to change your shoes.”

I didn’t… mainly because I like the comfort of my new “driving” loafer (even though I don’t drive that much.) Now, back in Stevenson, Maryland, for the day…

My “dad” shoes are covered in salt from the thawing snow and ice.

I’m lucky I brought warm clothes - but these shoes will need quite a shine when we return to the Florida Republic.

Good news: We’re s…