$SOXS2 20260821 5.0 CALL$ Does this carry the mood? Just when we thought the risk on mode is coming back with the temporary US-Iranian ceasefire, with oil prices correcting nicely... one hour, just one hour into US trading hours, all the good vibes come running off... reality strikes with US Fed meeting this week.
The US Fed is no longer what it used to be. It appears that the bond market is in control rather than the interest setting Fed. The bond holders are telling the new Fed chair 🪑 that he is but indeed a piece of furniture if he doesn't follow them. Damn if he doesn't follow, condemn if he does! Either way, it appears as a lose-lose situation for him.
This $Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ instrument is useful while it lasts. I must admit that I can't have enough cover for all my open positions. Meltdown is always at the back of my mind when I started this insurance trade. I will sit around and move into more cash holding whenever it is convenient to do so. Meanwhile, try to make do with whatever protection I can find. It's better than nothing [Tongue] [Cool]
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