Daily trend expectations based on ranged forecasts:
Daily: Negative
Weekly: Negative
Monthly: Negative
Quarterly: Marginally positive
Annually: Marginally negative
With an increased assumption of 50% likelihood of in recession, the quarterly expectation shifts to negative, too.
Thus, I’m invested against the index. I’m avoiding ETF’s with leverage factors greater than 1, given current lack of political predictability. Invest at your own risk.