Nasdaq was at **20,204.59** just 1 month ago. If you "bought the dip" even at every -500 points, you're deep in the red. 19,500. 19,000. 18,500. 18,000. 17,500. What's next?
I don't really believe in the "buy the dip" mentality. I believe in deploying cash into the market when there is CERTAINTY. Currently, there are too much UNCERTAINTY around our economy and what is going on in DC. Layoffs are rising, unemployment is going to get worse, tariff impacts on inflation won't be felt for another 3-6 months, Geopolitical tension, etc.
The media reporting that Trump is intentionally pushing the US into recession has a lot of validity. I won't be surprised if the Nasdaq gets under 15,000 in the coming months, the S&P 500 falls to under 5,200, and the Dow gets to 35,000, aka, recession. These are just my thoughts.
I am glad I sold most of my non-retirement investments as soon as Trump's tariffs didn't look like a bluff in early February. I consider myself lucky AF. Been enjoying nice gains in Gold (GLDM) and the 4%+ in SGOV since then versus seeing my non-retirement portfolio getting destroyed. I will get back into the market as soon as there is CERTAINTY and GOOD NEWS in DC and the economy, which I don't see coming anytime soon. Good luck to you all!