Weekly Update #27: Apr. 29 2024

WHAT YOU NEED TO KNOW ABOUT MARKETS THIS WEEK

Macro:

Very short update this week as everything mentioned in last updates is still relevant.

all short-term indicators are pointing bearish, so we went on cash. Till we get a clear breakout or a big positive news catalyst, it's best to go easy on risk-taking.

Fortunately, the model kept us safe, avoiding getting caught up in that mess.

Equities:

The model continues to be bearish stock indexes, despite experiencing a solid rebound last week.

Digital Assets (aka crypto)

We are still ranging. Expect more chop for now. We´ll keep you updated when the model goes long again.

PORTFOLIO UPDATE:

We are sitting in cash, waiting for better risk-reward opportunities to get back in.

LINK OF THE WEEK:

This week, we'd like to share last video from Lyn Alden. Enjoy!

That’s it from us this week, thanks for reading!

DISCLAIMER: The No Rainy-Day Portfolio is not registered with any financial regulatory agencies. Content is for research, education, and entertainment purposes and should NOT be considered personalized financial advice.