SQQQ is my Hedge Against US Falling Markets
@koolgal:
🌟🌟🌟Sell In May And Go Away has started early this year in April with the US markets down last week. The worst hit was Big Tech with all members of the Magnificent 7 down for the week. $SPDR S&P 500 ETF Trust(SPY)$ has dropped 3.9% for the week while $Invesco QQQ Trust(QQQ)$ was also down 6%. Against this backdrop of geopolitical conflicts and higher for longer interest rates by the Feds, I bought $Nasdaq100 Bear 3X ETF(SQQQ)$ to hedge against the falling US markets. It is like a little short term insurance to protect my portfolio