[US Stocks, December 22] Current holdings: 5% long on Treasury bonds, 40% long, 25% short bonds, and 30% cash. A noteworthy point today is the short of a short position at 6870. $spy

fxxxxxxxxxxxxxxxxxx.I originally wanted to add to my position before the market closed $nvo but hesitated and only added a little.

Let's talk about the market. Actually, I don't really want to talk about it—when I'm particularly confident, I don't want to talk at all; I'm a bit hesitant inside, but I talk the most on Twitter, like whistling in the dark. Haha. Right now, retail investors are "forcing" a Christmas rally, but there's not much capital involved, and it will turn around soon. The evidence is the volatility collapse in January, caused by market makers hedging retail options. I'm long on defensive stocks while slowly building a short position.

Now is the most lucrative time to buy options with one leg! Ivy League is so comfortable. My plan is to gradually fill my short position during this period, waiting for the market to start falling in 2026. Contrary to most people's expectations, I think the US stock market is more likely to decline than rise in 2026.