Is DIY tactical asset allocation broken?
$SPX 50-/200ma cross vs buy-and-hold:
2020: -18,55%
2018/19: -6,58%
2008/9: 38,42%
It's best to view underperformance in V-shaped recoveries as an insurance premium protecting against the really bad times. https://t.co/zrJAm2Zruz