I made the call today after VOO and SPY dropping the 200 day MA. We are on the verge of an economic crisis.
I've gone from +60k P&L to -50k in three short months, with margin trades in VOO, SPY, TSLA, S&P, Crypto.
We've yet to see the true effects of the tariffs and other looming policies being spilled out each day by this administration, and whether or not you agree with the implications of these policies, the bearish volatility in the market is extremely concerning.
I'm liquidating now and I suggest you do the same, until things settle, whenever that is. With that being said, this will set us up for great opportunity to re-enter the market for a correction- whenever that presents itself. I don't see any reason for this to happen anytime in the next 30 days, and I refuse to lose another $5k every morning before I even have my first cup of coffee.
I'll take the 4.2% in high yield savings all day over this.
The world economy is bracing for a storm, whether short or prolonged is yet to be seen, but if you're in a buying mindset right now I hope you're in a position for a long hold.