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Market Stance: BEARISH (since March 19, 2018)
* An average of managed accounts, net after all commissions and fees.
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* Buy prices shown are net after commissions and fees.
Today, Monday, March 19, 2018, I bought SPY, for both client and my personal accounts.
Although I changed my stance to bearish earlier today, I made this call with a rather low degree of confidence. Volume today is light, which suggests we should not attach too much importance to today's selling. This selloff could be just a one-day phenomenon.
When in doubt, I prefer to park our money in the S&P 500.
-KD, Monday, March 19, 2018
* Buy prices shown are net after commissions.
** Current prices are at least 20 minutes old.
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