Feels like everyone’s suddenly panicking over the “technical correction,” but a ~10% pullback isn’t exactly rare, as pointed out by others too.
Yes, the big names are all down double digits, but that’s also where most of the excess was. To me this looks more like a reset than the start of something structurally worse (at least for now).
Personally I am not rushing to dump positions. If anything, I’m being selective and slowly adding where valuations make more sense. Trying to go all cash and time a deeper drop sounds nice in theory, but it’s easier than done.
So should we be defensive or buying the dip? 😂
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