Hi Antagonist members,
Stocks have fallen the last couple days after Fitch downgraded its U.S. debt rating.
While the U.S. certainly has a debt problem, the upward trend of the major stock market indexes is still intact. I do expect a major correction sometime this year, but I’m not certain that time is now.
Therefore, I opened a small, bullish trade to take advantage of this dip. I plan on managing it tightly to either lock in our profits or cut our losses quickly.
Here are the details of this latest trade in our Challenge Portfolio:
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