Kevin Xu
People have extremely short term memory. Leading up to the July 29 Fed meeting the chance of a r...
1 hour agoKevin Xukevinxu
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
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The investor highlights growing market uncertainty ahead of an upcoming Fed meeting, noting a 57% probability of a rate hike. Citing historical volatility where QQQ dropped 9% and SQQQ gained 30% during a previous uncertain period, the author is taking a bearish stance. They have made an all-in purchase of SQQQ (ProShares UltraPro Short QQQ) with 1,180.57 shares at an average price of $38.49 per share.

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About Kevin Xu
Kevin Xu

Kevin Xu

By kevinxu

CEO @alpha_ai. Net worth $10,602,789.50. Current swing $IREN