Hello all,
Heavy cash holders (including me) missed a lot of gains this year so far. S&P 500, Nasdaq, Precious metals, Bonds and even Crypto are all up YTD.
Personally, I transitioned to cautiously bull in March because bears ran out of catalysts that will break the market. Market shook off bad earnings, recent Fed hike and regional bank crisis. CPI data next week will probably show continuing decline in inflation. Fed is almost done hiking (probably 0 or 1 more hike). Bonds market is expecting massive rate cuts EOY. Recession expectation went up last month but market kept rising. Q2 earnings will likely not be great but less than feared and market will probably shake it off.
Bears were expecting a market flush and capitulation but it will likely never happen as long as many investors are cash-heavy and have jobs.
I considered waiting until May, after earnings, and start buying regardless of the prices.
If you have not bought already, what is the signal you are waiting for to start buying?
Disclaimer: I am currently 60% cash, 40% stocks. My ultimate plan is to reach 60% stocks and 40% cash by end of year.
[link] [comments] https://www.reddit.com/r/stocks/comments/12dsx1a/everything_is_up_ytd_cash_is_worst_performing/
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