Meta Strategy Trading Portfolio – Probability Map Update.

– Monday Morning Update –

Strength Returns

As the initial policy fog lifts, stocks react with a strong rally.

In fact, at first glance it seems that we may have flipped right back to the market environment of the second half of 2024: Contained pullbacks followed by overwhelming strength as the S&P runs from all-time high to all-time high.

While this may well be the case, I remain skeptical until further confirmation.

The unpredictable nature of the current news flow may just as easily lead to sharp drops in equities as induce strong rallies.

I have now locked in all remaining profits from a great run since last August and am quite happy to adopt a careful wait-and-see stance over the next weeks.