Benefit of the doubt
Still squarely with equities over the alternatives IMO.
Big headline drop and VIX spike(up 54% Friday) on resurging pandemic fears happened in a short session with very low volume on both.(40%. of daily Vix futures volume)
S+P 500 up 26% since last September so the underlying trend remains quite obvious as it has been for a thrilling dozen plus years.
Earnings remain stellar.
Interest rates remain low despite non stop panic inflation headlines since February.
Follow the trend my continuing rec and this market can handle gradually rising rates which is my base case for both.
All time high margins and huge capex investment in productivity enhancing technology give best in breed US corporations a cushion to absorb wage increases that will prove to be manageable IMO..
(S+P 50 day at 4,525 for the next dip-buy test that the market has passed for OVER A. DOZEN YEARS.)