Back on January 13th the stock market was falling like a knife towards the 100 day moving average for the S&P 500 (SPY) at 5,800 and we started our conversation on all the growing uncertainties causing me to raise a lot of cash in our portfolio.
Damn that looked foolish in the weeks that followed as stocks miraculously sprinted to new record highs at 6,147 by late February. This flied in the face of how investors reacted to tariff talks in 2018. Yet I kept that cash on hand as I knew it could just be early in the ballgame.
