Market reaching top
I think market has mostly forgotten the War by now and is trying to reach resistance at around SP 4550, that is where the bull and the bear will fight for their direction. With interest rate and inflation in the background, I don’t think the bull will win any time soon. It should retest the downward trend line of around SP 4380 and if market met resistance there, it will try to retest the recent high around 4550. Then it will come May and with a very high likelihood that the Fed May raise interest by 50 basic points thus time, market will take a dip and then direction will be determined by the second quarter corporate reports. In short I think market will be range bound and the way to approach it is to sell when reaching the high resistance and buy back at the lower trend line but all the while keeping an eye on inflation. Do not hold more than 50% of your total portfolio. Only stay with the leader of the sector and stay away from the yet profitable growth stocks since they will have harder times in the rising interest environment.
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