The S& P fell 9.1% last week in its worst week since the Covid low. Strong support in the 5126-5133 area is being tested. A close below that level this Friday would confirm a major breakdown, suggesting a bear cycle has a hold and increasing downside risk to a level near 4500. From a short-term perspective, a snap-back rally definitely is possible like the one that occurred in May 2022, so if that happens it may benefit people who for whatever reason need to sell. Initial resistance is now 5292, with secondary resistance near 5783. It is entirely possible if tariffs are not reversed soon a secular (long term) bear market may rear its head. So KT asked me this morning who benefits from a bear market And I said People who have at least five years or longer till they need the money preferably longer And those people keep investing via dollar cost averaging on their retirement accounts And people Who are patient and add to their positions in tiny amounts that are deployed on big down days And those whose have a lot of cash and just wait till they feel good about deploying it Possibly people who want to refinance Possibly people who are looking to buy property that is distressed cause the seller must sell If Interest rates keep going down people in bonds If you are converting to a Roth And there you go Now you know why I have been adamant if you are retired and are taking RMDs or need to withdraw money from your retirement accounts you have a three to five year monthly withdrawal amount in a money market fund I'm so sorry this is happening it did not in my opinion need to happen but it is So we just have to stay calm and be smart cut back on spending as I have been asking you all to do, and together we will rise SLOWLY but it could take time So always make sure time is on your side . Sending calm strong supportive winds your way,

Posted by Suze at 2025-04-07 13:21:12 UTC