WHAT TO DO NOW: Continue to hold some cash as leadership stocks correct. For the here and now, things are getting trickier, but most leaders aren’t flashing big-picture abnormal action, and our market timing indicators are still positive; thus, we’re still taking things on a stock-by-stock basis while keeping a chunk of cash on the sideline. In the Model Portfolio, because we’ve already built up a 34% cash position, we’re being a bit patient to see how this week’s dip plays out—that said, we are switching CrowdStrike (CRWD), Elastic (ESTC) and Shift4 (FOUR) to Hold ratings and will take it day-to-day from here. Details below.