I Wasn’t Going to Buy… Then I Did

I was going to sit on my hands and wait, but I decided this morning that the opportunity to begin buying was here.

What changed for me was an overnight development: a very strong 10-year U.S. Treasury auction. But even with that strength, rates continued to rise, finishing at 4.51%. That level seems untenable for the U.S. government, and the fact that both bonds and stocks were falling together made me believe this game of political chicken had been pushed about as far as it could go. It seemed like we were nearing a point where the White House would have to acknowledge that they were, in effect, driving the U.S. economy over a cliff on purpose.

The first rule of investing is that you're never 100% sure about anything. But knowing that politicians want to stay in office helped me realize that human psychology, not economic theory, was going to force some kind of easing on tariffs. That instinct turned out to be right.

Around noon, I purchased additional shares of NVO at $60. I had started my position at $72 a few weeks back, so this was some dollar cost averaging into the maker of Ozempic, a company with rock-solid financials. It felt like a smart move.

Additionally, we started a position in CROX at around $88. My kids really like them, and I see them all over the baseball fields. That kind of visibility tends to mean something. Within an hour, the President announced a 90-day pause on certain tariffs, and just like that, CROX was up 10% and NVO was up 4% from where I bought.

That was literally the quickest money I’ve ever made.

But I’m not selling. I think I’ve got a good position to ride long term and will be looking to add when the opportunity presents itself.