So let’s just all take a deep breath and recognize one simple truth: for months now, the /ES has been engaged in a steady series of lower lows and lower highs. Until this is violated, I remain short, Cathie Wood and Tom Lee be damned. To be clear, I think this market sucks infected donkey, thus I have 30% cash, but my remaining 12 positions are in the green, and I shall defend them vigorously.
