in this brutal bear market, the return of capital is much more important than return on capital.....it is going much lower based on what we are seeing now......on macro level....Fed is getting much more aggressive.....on the system level...the failure of risk parity the quant is likely to continue the relentlessly selling and killing the market....on black swans....keep the eye on Japan/shitcoins.....
on my book, i am prepared for 2700-2800SPX....unless JP blinks.....
patience pays off......