4-7-25-SPX

The market continues to slide but does appear to be gaining a foothold. Are we close to a bottom? The S&P 500 has come down to support around the 4850 area this morning, which should act as support.

No one knows what the plan is from the White House. There is lot of confusion and no real clear end game. Are tariffs here to stay? Is this just negotiations? Has there been any movement towards an agreement? No one knows, and that is the problem the markets are having. I, like everyone else who is watching and reading the news, do not know the answer, and nobody knows what or who to believe.

One thing I do know is that the market will find support, and base and move back up. I can’t say how fast, or when, but this will pass, I’m sure. We have a tremendous amount of buying power to take advantage of when the turn back up happens.

We are about 50% in cash and will be patient as the market finds a bottom. We have our buy list, and we will be prepared to try and find the best opportunities coming out of this selloff.

I wish there was some clarity about all this, but there is not, and again, that’s why the markets are selling off as hard as they are.