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The S&P 500 closed up nearly 5.6% after an absolutely wild week. We had a brutal selloff Monday only to rip right back to where we’re closing today. That puts us at about the halfway point between the index’s low and high.
But we’ve got to have perspective; it took pure chaos to get us here, around the expected move and back again.
But don’t get carried away – it’s not all fun and games. Participation is absolutely anemic and so is volume. We’re one tweet away from returning to the mayhem that kicked off after “Liberation Day.”
The market is moving like one giant correlated beast right now, and it’d be very easy for that beast to go down.
More than ever we want carefully defined risk – like our WFC short in Three Trades a Week.
I’ve got some other great shorts to talk about – and a lot more for the weekend. Let’s get going…
