The negative market action last week was a clear and unexpected divergence from the positive news the week before (Powell's comment on the interest rates being close to neutral and an apparent tariff deal). There is a trading wisdom that states "if the price diverges from the news -- the price is right".
This all reminds me of September 2008, when TARP was passed, but after a one-day rally the market sold off... I wouldn't be surprised if the SPY support is broken next week...
My only exposure to the market indices is through RSU shares of my high tech company. The largest positions in my personal portfolio (which I have accumulated last week) are GDXJ (since GLD has been in a positive uptrend over the past 3 months) and XOP (since USO has been making higher lows and higher highs over the past week).
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