There is a major position change in the Meta Strategy ETF Portfolios this month.

The stock market is currently working on normalizing speculation and sentiment extremes, which have been building up over the last months.

As this will not happen overnight, I wouldn’t be surprised to see the current correction continuing for some time yet. This would be quite normal in light of the 73% rally we have seen since the lows in March of 2020 (one of the strongest bear market recoveries in history).

The underlying market environment is healthy and sound, which points to a correction as being temporary, even if it should be steep.