The stock market is up around 2% today because President Trump sent a tweet that negotiations with the Chinese are going well. My advice: sell. Take your profit now, because it will surely evaporate by this time Monday, if not by 3PM this afternoon.
Jim Cramer made an observation that should be incredibly obvious to anyone with eyes and half a brain. The stock market is not really rational right now. Traders are still hanging on Trump’s every tweet. In Cramer’s words, paraphrased by the WSJ, “you are out of your mind if you have conviction in this stock market.” Which is to say, the us and downs of the market have no rational explanation, and you should stand pat and not respond to any of it. I still say, take your profit, if there is any, and run.