Last Friday, equity market sold off sharply. I think this is still a buying opportunity, but my view for the whole market is slightly changed.  I think the uptrend is intact, but it will be a bumpy ride.  For next few weeks or possibly one or two months, S&P 500 will still be up, possibly go to 2150. But it will have 5% to 7% correction if it gets there before resuming the next powerful upside. So in short time until middle to later May, I still lean towards buying dip. I will be more cautious after that especially when S&P 500 get to 2150.

For interest rate, I still think rates will be up in long term, but it seems that it will take much longer to go up than I originally thought. So for now I will take profits quickly once I have some  meaningful gain on bonds, and then look for next ideas.

So my current strategy will be take quick profits on both bonds and equity, and don't try to hold long term positions.

Check Market Overview page for more details about my recent long term view of the market.