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The Monday Morning Playbook: Week of April 15, 2024

What I know vs. what I think

Good morning,

Markets are pulling back for the first time since the October lows and after 5 months of nearly straight up action, even a 3% drawdown can feel uncomfortable.

In my career, I’ve learned to study history, follow trends, and make good risk/reward bets based on those two things.

What I don’t do is pretend I know the future.

In that spirit, let’s break down what I “know” vs. what I “think” about the current market.

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Brown Technical Insights
Brown Technical Insights
Scott Brown, CMT