No qualifying author-owned investment thesis was confirmed in this post.
Author states they went 80% cash and are out, not a short position; no own directional short judgment with fundamental rationale for SPY.
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The bubble is starting to unwind. The market reacted poorly to Microsoft's capex on AI and now its creating a domino effect of selling. Theres an unpredictable madman running the US. the jobs reports have been abysmal. The liquidity crisis we are facing is plain as day. Lastly, the sideways chop we've seen in the SPY is usually a telltale sign of a major correction or even crash incoming. The macros are overall looking really ugly and maybe I'll think of buying back in when we have more than one green day per week. Otherwise, I'm out for now.