Daily Charts - SPX Correction Map

1.Correction Map

Non-recession corrections are opportunities to buy the dip, but larger recessionary corrections (I would call them bear markets) require diversification and risk management to make as much the most of the downside as the subsequent upside in my somewhat learned opinion... 🤓 $.SPX(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$

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2.US High Yield credit spreads have moved up some ~30bps off the lows

This may or may not turn out to be **the** low... but the push lower in credit spreads has clearly stalled for now.

What may come next

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3.Most markets and assets follow cycles, those cycles are often driven and defined by the prevailing economic and monetary forces at play

Investors can navigate risk and return by studying these cycles and using key frameworks such as

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