
Stocks Crash, What's Next?
The S&P 500 plunged -9.08% this week with Friday's close at 5,074.08. It's stunning to write and it brings back jarring memories to almost exactly five short years ago. we've placed a bullseye between the ~4,766-4,966 price region and this is where we have conviction in the idea that the S&P 500 will find its footing. In other words, we don't think it gets worse than that here in the month of April. While the price action feels totally bidless, we're not headed to zero within weeks. This sets the stage for a stunning "bear market rally".