GM, its been more than 1 month since my risk on post https://financialveracity.wordpress.com/2025/03/25/pants-up-risk-on/. My pants are slightly up with my private parts mostly covered up now, can feel the froth all around me. The flip-flopping between its damaging impacts of tarrif have got many shaking on their knees but little does one know, that nobody knows anything (including me). SPX: 10% away from ATH | NQ: slightly more than 10% away from ATH Think the best place to trim a sizable amount of position is here or at least hedging to happen here. A couple of trends i’m observing for equities:

1. Tarrif on – more pain entails | Tarrif off – less pain
2. Deficit spending is > than previous election
3. Doge is not saving more than it should
4. Liquidity of current SPX | (Z-Scoring) -3 at Covid levels | Explains the pump/dump
5. Are retailers in real pain?
6. 30Y bond are 4.8% | 10Y : 4.3%
7. TW US bond sell off -> the door very likely to get tighter

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