The author holds 1,180.58 shares of SQQQ as a short-term bearish trade anticipating a market correction driven by rising interest rates and a potential rate hike. While holding SQQQ for a swing trade, they maintain long-term holdings in SPY, QQQ, DRAM, and SGOV within their 401k. The thesis is supported by climbing Treasury yields (6M, 10Y, 30Y), a low VIX reading of 14.38, and a FedWatch tool indicating a 57.5% chance of a rate hike on September 16.