XYLD - Equity CEF Performances: Updated Through April 29 2022

• Buying-opportunity or a falling-knife still? That's the question though there were definitely signs-of-panic on Friday as word got out that a couple big hedge-funds were liquidating their technology holdings.
• Certainly, the damage and bearishness is starting to rival that of March of 2020 during COVID, the financial crisis of 2008 and the dot.com bear market of 2000.
• The big difference today is that the US economy isn't going through a major slowdown (at least, not yet) and thus, most of the major-market indices aren't in a bear-market.
• But with the Nasdaq-100 already in a bear market, down -21.2% YTD and a whopping -7.5% for the week, are the rest of the indices bound to follow? Well, that's the problem. We don't know what comes next in the global economy.
• Will the war in Ukraine widen? Will China's lock-down over COVID further gum-up supply chains? Both of these have the potential to knock the markets down again because both are inherently inflationary. Ironically, the Federal Reserve may be the most likely savior as the Fed rate decision and statement are set to come out Wednesday, May 4.

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