There are different kind of senarios:
a. Recession. If one believe that this the base case, he should sell from here;
b. Soft landing. If one believe that this is the base case, he may want to start to add after SOXX， QQQ， SPY have -20%, -10%, -5% correction.
In the past couple of days, the market was discounting the recession senario.
Next Monday, we are doing the has ISM-service data. It will give us a confirmation one way or the other.
