The last time the Federal Reserve tried to taper its money-printing ways, the S&P 500 dropped 20% in 11 weeks. I’m not sure if the sequel is going to be any kinder to “America’s ticker,” the SPDR S&P 500 ETF (SPY) . It’s time to prepare. The best time to sell speculative, profitless positions was last week. The second-best time is probably now, with Jay Powell set to stop his bond buying and start raising rates in the next couple of months. I know many dividend investors are feeling smug, and rightly so. We made a bunch of money from Powell’s printing, and now our dividend darlings appear set to attract “basic” investors from the land of crypto and tech.… Read more