My ETF model is now in its worst drawdown since I began posting weekly allocations in November 2021. My model remains 100% allocated to QQQ and, although an earlier version of me would be tempted to override my model and take a defensive stance, I know that the model works best if I let it run. The backtest results that I show don’t involve any intervention by me. It’s important to know what you don’t know and I don’t know what will happen next in the markets.