From the desk of Tom Bruni @BruniCharting
Wall Street is a game of relative performance and we each are tasked with our own mandates/constraints in managing our portfolios.
The good news is that even when the market is a hot mess on an absolute basis, there are still plenty of ways to find performance within the context of those constraints.
If you need to have most of your capital allocated most of the time, then your focus is on either avoiding/shorting areas of relative weakness and owning areas of relative strength.
If you have the flexibility to raise cash and go to the beach or have short exposure on your books, that works too.