My XOM Position Just Got Whipsawed by a Tweet. Here's How I'm Thinking About It.
My XOM position is down roughly 5% this week. Not because the business changed. Because Trump said something on Monday and the market moved, then he said the opposite on Tuesday.
I bought XOM for dividend income. Steady payer, long-term hold, nothing complicated intended. What I did not sign up for was absorbing a 5% single-week swing based on whether a social media post qualifies as a diplomatic breakthrough.
Still holding. The dividend did not change. The company's cash flow did not change. But I would be lying if I said watching USD 100 billion in frozen assets, which neither side will blink on, whipsaw my income portfolio feels fine. It does not. Holding anyway. 😩
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