Interest rates continue to rise as evidenced by declining long bonds. The resulting higher rates suck $$$ out of tech stocks and the QQQ. I continue to hide in cash and some SQQQ, which rose 3.3% on Wednesday. See the daily charts of TLT and SQQQ.
Stock Market Technical Indicators & Analysis
Interest rates continue to rise as evidenced by declining long bonds. The resulting higher rates suck $$$ out of tech stocks and the QQQ. I continue to hide in cash and some SQQQ, which rose 3.3% on Wednesday. See the daily charts of TLT and SQQQ.
in the 70’s, I saw an article which said that Money Markets were the best performing asset during that decade (not sure if commodities were included)… by 1979, MM paid almost 10%! I am “hiding” my money in the Floating rate ETF USFR which pays a little over 5% and mostly in FFRHX (Fidelity Floating rate loans mutual fund). One has to watch these because if a recession is expected, the prices will go down with the expectation that a few companies will default on the loans.