Market risk is rising.
Key dip-buy levels and range supports are breaking as bond yields and oil surge, fueling inflation fears. Fed hike odds are climbing after hotter PPI. Tomorrow’s CPI at 8:30 AM ET could be the next major catalyst. If the market can’t bounce, correction risk increases. Protect capital and stay selective.
best practice in this situation is keep cash , or increased cash by either taking losses to non performing assets or trimming the big winners.
My cash position is now 8% from 3% , I might increase to $10-12 % because when $VIX goes to $20/25/30 I need cash to deploy because it is easy money in the market