On Tuesday, the American people spoke, and a change is coming

The incoming administration is already planning huge changes to the Inflation Reduction Act. That $300+ billion piece of legislation provides a lot of incentives for electrification and technological advancements. In particular, it incentivizes new buyers of electric vehicles.
That will require some recalibration of our investment theses. However, right now the market remains bullish

The S&P 500 continues to hit new all-time highs. And that’s a good thing.

Every time a new administration takes over, it injects uncertainty into the markets. This administration has some strong opinions about alternative energy, so we’ll take a wait and see approach.

But this is not a reason to sell our positions yet.

For the Good,

The Mangrove Investor Team