Navigating the Chop Within Equities

More Volatility Ahead but stay the course

"Men who can both be right and sit tight are uncommon."

Jesse Livermore

During the last 3 weeks the S&P 500 has experienced one of its best and worst single day returns in over 40 years. Friday 4/4, the S&P 500 fell by 6%. then on 4/9 President Trump’s announcement of a 90-day pause on some of those tariffs led to an S&P 500 rally of 10%, the 3rd best daily return for the S&P 500 since 1950S.

Volatility has spiked bringing the VIX above 57……. and last week IT came down below 35

The intra day movements we’ve experienced have been a sight to see, intraday ranges for S&P: Monday 4/07 = 8.5% ... Tuesday 4/08 = 7.3% ... Wednesday 4/09 = 10.8% ... Thursday 4/10 = 4.7% ... Friday 4/11 = 3.1%.

Now lets cover the state of affairs we’re in..