Liberation Day

$SPY $QQQ $DIA $IWM

Broad market look on the daily. Bear flags below 200 day moving averages. This format isn’t particularly conducive for capturing the intra-day moves I’m making, many of which are over short timeframes (hours to days). So the most useful contribution I believe I can make today to someone reading this is just to say that the broad market setups are just risk off right now. I remain short via spreads against the 200 day moving averages as a partial hedge to the few stock positions I’m still holding ($WMT, $UBER, $WM, $GDX, $KWEB, FXI 0.00%↑ are the most meaningful). I’ve reallocated 401K’s and other vehicles with longer time horizons to buy the discount the market is currently providing. Not because I believe this is the bottom, but because I recognize that I can’t capture the bottom, and over the long term history shows -