– Important Positioning Update –

Due to a massive tariff-driven market shock yesterday, April 3rd, two of the Meta Strategy’s technical warning signals triggered: The VIX Futures Term Structure inverted significantly, while the S&P 500 closed below its long-term trend (275-day moving average).

The strategy will systematically reduce exposure to risk by 75% and sells 75% of all equity ETFs at today’s market close (April 4th 2025). For the proceeds, the long-term U.S. treasury ETF TLT will be bought.

My current market outlook will be added to the newsletter web page on Sunday.