We watch markets from the perspective of Greed and Fear. Causation is not as important as the reaction to the cause. From that perspective, it looks familiar. Crow Chaser saw a 30+% draw in 4th qtr 2018. Start of the draw to recovery, approximately 78 days. Leading into the Great Recession was another 30+% draw. The Great Recession, start of the draw to recovery, was 116 days. As of close yesterday, draw hit -21%.
Recession? Not sure about that. Trading System Recovery? I would expect to be the same as it’s 14 years of experience, quick.
We stay the course here.