That will work!
I've been long and up on the SQQQ so rode out the call. Given the circumstances I can see the June lows getting taken out and a new 52 week high on deck soon with the downside macro-trend.
Geeeze, crazy.....what else do they know that is not being publicly disclosed?
Its not the percentage of the potential rate hikes coming that is a mystery, its the velocity.
That, and credibility deterioration.
Puts are being traded on every green candle right now.
There are some large block option bets on the SPX (S&P 500 Index) with a strike price at $3,750.
For most retail the conditions are uninvestable, that said I would either go long with the SQQQ or stay out of the way and leave it in money market.
Stripped away from all the Bull****, politics, agenda, elections...blah blah blah, the "real" rate of inflation is around 16.6%.
Its not a matter of if "they" will......they have to. The only thing stopping a straight up solid 2-3 bps hike right now, which is what they should actually do, is a...
Market now has a 4th consecutive 75 bps hike for Nov. 2nd to 3.75% - 4.00% above a 50% chance.
Appears they want to break something trying to get the "real" economy back to normal.
Question is....is it enough? We'll see.