Daily Note | October 25, 2023 | Reduced Some Risk / Added To Hedges

Late post

Summary

• Markets are down, S&P at lowest levels since June, due to interest rates and poor earnings from Google.

• Small caps have lost -15.8% in the last three months, vulnerable to rising rates.

• China is providing significant stimulus, student loan payments and Fed's proxy Fed Funds are impacting consumer spending.

• On my asset allocation, I sold a f…