It seems that the market still does not care about political turmoil, or anything else for that matter. After Director Comey’s testimony? The e-mini S&P 500 Futures for June is down exactly … -0.75 points. In essence. Flat. The September Contract? Down only -1.75 points.
So we remain long with our Q’s position.
We are still up, and up nicely.
And heck, we’ve even packed on a few dividends in that time … such as the dividends paid on our Wells Fargo (WFC) position.
But the Director Comey testimony? At least up until this point, it seems the market is seeing it as a giant “nothing” …