Medium length short by the way, as in some kind of dip or correction before Dec. Manufacturing and sentiment have waned but are still strong and even though inflation is up, profits remain high. But as I've said before, everyone wants to wait until the last minute to sell and prices are determined by MM and overseas and we've been going up so everyone has been winning sooner or later. But I do think Biden's term will be a turbulent one and whether we end up ahead after crisis or behind, I don't see a second term for him. None of this is the point. I guess the point is, whatever you think may happen may happen but don't pull the trigger too early because there are still plenty of buyers in this market and panic sellers still end up looking dumb rather than the beginning of a trend. But even though its only 10% higher, I don't see SPX 5000 this year.... maybe next year?
I usually try not to tell you what to do -- too crowded there. I'll point out what price points/trends/patterns the pros are looking at and let you interpret what that means for your portfolio.