Well… There’s no need to iterate on the crazy price action of the market lately; some moves can actually be categorized as historical, such as the one-day move of over 9% on 4/9/2025.
The market behaving as it may, paradoxically there’s nothing different to be done in respect to risk management or risk taking. To that effect, under the premise established by my model’s “catch a falling knife” read, I’ve been nibbling on the buy side, adding to my core holdings. The read was detected on 4/8/2025 with the S&P 500 (SPX) index opening at $5,193.57. Now, over 12 days later, the closing price for the week ending 4/25/2025 is $5,525.21.
Whether the market will continue its recent advance, I do not know. My perspective is, regardless of the technical definition of a bear or bull market, it’s a bull market to me as long as the market holds above $5,490–$5,500.
Related notes: