A picture is worth $1,000,000 bucks… Or a few billion in losses over the last few days!
I’m just happy I purchased puts before the much-anticipated tariffs announcement this last Wednesday, 4/2/2025. Everybody has been hoping the market found a bottom (see last note), but no one knows the future. Even with all the information available, no one can predict the future. That said, next highlight down is $4950.
This year so far has been a good example of the necessity of understanding how to manage your risk and protect against fat tails.
Related Note: A Tradable Bottom?