03/28 - Market & Portfolio Update

Portfolio up 0.24% today vs. S&P500 down 1.5%. Liquidated all positions and sitting on 100% cash going into April 2.

The S&P500 is down -1.44% (5611) as I am writing this as a result of Core inflation numbers coming in hotter than expected (0.4% increase for the month, putting 12 month inflation rate at 2.8%…versus 0.3% and 2.7% expected by economists).

We are now in a clear newly formed downtrend. 5603 is the new major support level for the S&P. I think there is a rea…