Marcus Strategy Monday 20th April 2020
Still happy holding a bit more cash than we were - waiting to see if this ultra fast recovery rally comes of the top now as we quietly expect - the US market is only 15% off the top and back to the middle of the long term bull market trading range with $23 trillion of S&P 500 stocks back on 21x - not sure that's really reflecting the economic and corporate damage, but who knows with that herd.
