Sell SPY by Jul 13, 2026.

I’ve been working (and preparing my portfolio) based on this thesis since the war began. I’m a mental health professional, and two terms began ringing in my head within a few days of the war’s beginning: ‘[Normalcy Bias](https://en.wikipedia.org/wiki/Normalcy_bias)’ and ‘[habituation](https://en.wikipedia.org/wiki/Habituation).’ The meme of the dog in the burning building saying, “This is fine,” followed shortly after. Humans en masse facing seismic events have an ingrained tendency to follow “panic” with mean reversion - an assumption that things will probably be …