Week of March 23

How much damage is done? Does a TACO solve everything.

Recap of last week

Brutal continuation of the selloff last week, as SPX closed down about 7% from its ATH.

We are really in the perfect position here. On December 30, when everyone was bullish and screaming “Run it hot” and other things you hear at major tops, we made the disciplined decision to sell EVERYTHING, about 1% from the highs.

You’ll see alot of people bearish right now, calling for a bear market, or a 2022 redux, or test of 6000, what have you. That’s all worthless basically when SPX was already trading with a 64XX handle last week. We were bearish from 6900/7000 which was the real contrarian call and complete game changer. Looks like that will make our entire year to be honest. We are flush with cash and probably be buyers at/near the bottom like we always are.

Question of course when do you buy.

Next move for markets