Both SPY and QQQ now down more than 10% from record highs, means we are in a market correction. We will see if the market goes to -20% for an official bear market. Lots of predictions, but of course no one knows for sure. I mostly do nothing, sell a few way out of the money calls. Add an odd share or two. Still keep a healthy cash reserve.
Here are a few ETFs year-to-date:
GLD gold 15.0%
SLV silver 14.0%
EEM emerging mkt 6.6%
TLT US20 yr 3.9%
SPY SP500 -3.8%
QQQ Nasdaq 100 -5.9%
IWM Russell 2000 -7.8%
My trading accout -1.3%, so better than the market indexes. This is expected for an account with large cash reserves.
Warren Buffett often talks about waiting for your pitch. In the stock market, a person can wait indefinitely. There are no called strikes. Yes, there may be missed opportunities. My only significant winning ticker in 2025 is BRKB. A few other odds and ends are slightly positive. NVDA, QQQ, AMZN lead the parade of losers.
Precious metals and foreign markets are doing well. I see these are more rotational plays than big secular moves. Staying close to shore, waiting for better sailing weather is my current course. If the indexes touch -20% off their highs, I may deploy some of the cash reserves.