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As you know, I don’t do politics, so let’s put that aside straight away. I do money, plain and simple. And people will vote with their feet due to these taxes. Again.

U-Haul Holding Co. (UHAL)
 

That’s why I like movers, storage firms, self-storage Real Estate Investment Trusts (REITs), and, yep, even the packing companies themselves. Potential choices could include Public Storage (PSA) and Extra Space Storage Inc. (EXR). I could also see regional banks in places like Florida and Texas doing well. Even title insurers like First American Financial Corp. (FAF).

Money is like water in that it will always flow to where it’s treated best. Grab a glass.

As for the markets, we’re at that point in earnings season where most of the big numbers that matter have already been put on the table. It’ll be mostly the stragglers from here on out, with one or two exceptions.

What does that mean for markets? The usual. They’ll lurch from headline to headline. But stay focused! Absent a major misfire from ongoing geopolitics or the Federal Reserve – which is increasingly irrelevant IMHO – there’s still a lot of money looking for a home.

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