S&P rebound to 2800 today, reopen the bull market position…

The implied vol still very high, options are expensive still.

Oil cut doesn’t drive the energy sector up a lot and I feel the long term concern on economy still exist…
Feel hard to position the market right now…
Keep wealthfront low risk exposure..
Alpha weigh on some Chinese stock, but control the position <70%
I didn’t buy anything from the first dip, my view is there is a bigger but slower drop down in medium term… don’t really want to catch the knife. Currently the market has rebound but I concern is the long term impact on economy will emerge and the market won’t reverse before the covid-19 fully contained.