RE: US Budget Deficit13 Dec 2023 12:39
They can keep kicking the can down the road for a long time still, imo.
It's also worth noting that pretty much every recession is preceded by calls for a soft landing, and a stock market hitting all time highs. Everything is rosy until it isn't, and every "analyst" will be putting out higher and higher SP targets right up until the bottom falls out, partly driven by their own incompetence, and partly by the need for exit liquidity.
Don't be a bag holder! That doesn't mean "sell now", but it does mean you should be ready to sell out when the time comes. Ive personally been selling my equities in tranches - DCA in and out. I'll almost definitely miss some of the blow off top, but I'm similarly convinced a hard landing is coming and THIS TIME I WILL HAVE DRY POWDER