Drastically cut my trading exposure last night. This week I'd been selling individual holdings as they went bearish, last night I cut a lot:
Why?
- Two spikes in VIX over the past 4 trading days:
VIX is still low compared to previous corrections. But the spikes are too fast....intraday.
- Sector by sector turning bearish. Last month Crypto. Last week high beta tech and oil. Last night mag7.
- *Possible* growth deceleration in July.
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