Yesterday, I made several strategic moves in my portfolio: I closed out my FNGU ETN position, sold my TMF February 2025 $50 calls, and initiated a TMF Vertical Spread expiring in October 2024. All of these decisions were part of a broader strategy to deleverage and reduce risk, given the volatility and uncertainty leading up to today’s Fed rate decision.
In this envir...
In this envir...
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What a difference a week makes! After the rough start with FNGU, which plummeted by 12% last week, I’m glad to report a remarkable rebound. My position, which was down in the red, has surged back into positive territory with an 8.5% gain. Below are the screenshots of my holdings showing the 20 shares of FNGU I purchased at $363, now climbing to $394. It’s clear the volatility can cut both ways, and this week, I’m fi...
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Just when I thought the worst of September’s notorious market volatility was behind us, this first week has been a real eye-opener. After days of steady losses, the S&P 500 (SPY) and Nasdaq 100 (QQQ) took sharp downturns. The SPY dropped 3.6%,and QQQ plunged about 7%. This was all triggered by disappointing labor market data, including the ADP employment report and nonfarm payrolls, which came in below expectations.
Betting on the Wrong ...
Betting on the Wrong ...
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As we observe the rising unemployment rates in the U.S., there is growing concern that the Federal Reserve’s likely rate cuts in September may not be enough to prevent a hard landing—a full-blown recession. While we’ve been hopeful for a soft landing, I worry that our expectations might lead to greater disappointment if things don’t pan out as we wish. This situation forces us to rethink how we allocat...
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Alex Wong Cian Yih
commented on
Just when we were all getting comfortable, basking in the glow of a market that seemed unstoppable, reality decided to drop in with a bucket of cold water—and it wasn’t just a splash, it was a full-on slap across the face. Yes, I’m talking about the recent bombshell: the revision of job numbers that tells us the labor market isn’t as strong as we all thought.
Riding the Highs Before the Slap
Let’s rewind a bit. The stock market has been...
Riding the Highs Before the Slap
Let’s rewind a bit. The stock market has been...
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So, the initial jobless claims came in at 227,000, well below the expected 235,000. On the surface, this seems to indicate that the U.S. economy is still holding up pretty well. But, I have to admit, the difference is quite significant, and it makes me a bit skeptical. After all, most analysts were predicting 235,000, so seeing it come in so much lower does raise an eyebrow. It's also worth noting that before the Sahm Rule was triggered, hardly an...
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Today’s focus is on the initial jobless claims data. The market expectation is 235,000 claims. This key economic indicator will help determine whether the economy is heading towards a soft landing or a hard landing.
Initial Jobless Claims Scenarios
1. Soft Landing:
- Condition: Claims are lower than 235,000.
- Expected Federal Reserve Action: Likely to lower interest rates by 0.25% (one basis point) in September.
- Market Reaction...
Initial Jobless Claims Scenarios
1. Soft Landing:
- Condition: Claims are lower than 235,000.
- Expected Federal Reserve Action: Likely to lower interest rates by 0.25% (one basis point) in September.
- Market Reaction...
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Alex Wong Cian Yih
commented on
Yesterday, I commented on Moomoo about the potential market reaction to the CPI announcement. I mentioned that if the CPI were to fall below 3% or rise above 3.2%, the stock market would likely drop. Today, the CPI was announced at 2.9%, confirming my prediction. As a result, the market has been experiencing a decline, with the QQQ ETF down by approximately 0.5% and continuing to drop.
Recent Market Conditions
1. CPI Data: The CPI data ...
Recent Market Conditions
1. CPI Data: The CPI data ...
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Alex Wong Cian Yih
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$Direxion Daily 20+ Year Treasury Bull 3X Shares ETF (TMF.US)$
$Invesco QQQ Trust (QQQ.US)$
$MicroSectors FANG+ Index 3X Leveraged ETN (FNGU.US)$
Recently, the Sahm Rule has been triggered with a value of 0.53%, signaling the early stages of an economic recession. Historically, this rule has been a reliable early warning sign, indicating that the economy is beginning to contract. However, it’s crucial to understand that the stock market...
$Invesco QQQ Trust (QQQ.US)$
$MicroSectors FANG+ Index 3X Leveraged ETN (FNGU.US)$
Recently, the Sahm Rule has been triggered with a value of 0.53%, signaling the early stages of an economic recession. Historically, this rule has been a reliable early warning sign, indicating that the economy is beginning to contract. However, it’s crucial to understand that the stock market...
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