So since March of 2021, I have my IRA up ~25%. Meanwhile SPY is up ~8%? I went short most of 2022 and made out pretty well ending just about flat.
I've been long since October, but since January been on the wrong foot as far as what sectors to be in. Was looking for recession to be pushed off and tech to come back down while “real” economy stocks recovered. They have pushed this recession play very far at this point. With tech at insane PEs with shrinking margins and falling revenues. I'm not on the “recession is happening or happening tomorrow” train so I wouldn't be surprised by an outsized move higher still.
I'm up this year but am about to throw in the towel and go JEPI/SCHD and maybe bonds. If you were up on SPY since March 2021 do you continue going risk on or just sit and watch it? I have no problem shorting the market through 3x bear ETFs if we pump to 500 or something.
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