Although there is a drop in the market, I don’t think this is the time to add. Market response has been mainly towards rate cut expectations and have ignored that fundamentally, the labour market remains strong and economic data have not suggested impending recession. Many of the companies have delivered earnings that beat expectations. The pullback has been painful but not big enough for me to add positions. I prefer to stay calm in this time and continue to watch the macroeconomic situation. The current valuation of most stocks are near historical ranges where they are neither too expensive to be considered a bubble but also not cheap enough for me to consider adding positions. I would need to wait for another 5-10% pullback before adding. I believe once the panic settles, there will actually be many dip buyers who will prop up the market as many have been watching on the sidelines watching the market going up and up the previous weeks.