I think that the smart money is heading for the bunkers. The Trump playbook is now in force.
With the the turnover of the inner circle into a chirping chorus volatility will reign until the mid-term elections.
As we know, uncertainty leads to zero risk-taking in the boardrooms. Expect stock buy-backs and debt reduction among S&P 500.
Interest rates are rising. Full employment ATM. Conditions are good for the consumer centric banks like BAC for the 2Q. Restaurants are full, cruises too. All should be stalled out by the end of the summer when inflation becomes obvious.
I expect that the value plays like energy and utilities to be the place to be for the summer.