Last year I wrote this same post and the story was pretty similar, market was under heavy selling and consolidating.
But by the end of May market broke out, and as we had our watchlist of growth stocks ready we could ride a nice 2 month bull run.
Last year run:
Some gurus this year as every year are repeating this quote about selling everything and stay out of the market. I say, stay out BUT with your watchlist ready and set to go, because this market has prooved to be resilient again and again. So be ready because just as for today $SPY is poised to break into new grounds.
Watch the similary with this year consolidation:
Lesson learn, stay in cash while consolidating, or with very small exposition, but keep your watchlist up to date because this market is getting ready for a new bull run, it may or may not happen, but we need to be ready.