Up 3.5% over a diversified small cap portfolio today.

Who knows whether this is a dead cat bounce with the threat of Nordstream 1 being switched off, Europe on fire, failed developing states, the Chinese debt crisis, Biden losing his marbles, and the macro being as opaque as a dodgy cataract, but the lesson (reinforced today) is to stay invested so you don't miss the big bounces.

Doesn't protect you on the days it falls by 5% or more, but the point remains.