The author holds a short-term swing trading position in SQQQ, citing a bearish outlook driven by climbing rates and a reported 62.6% probability of a rate hike for the September 16, 2026 Fed meeting.

Growth stocks could potentially face a 30-50% dip if interest rates hike, mirroring market conditions seen in 2022.

Additionally, the author maintains long-term holdings in SPY, QQQ, DRAM, and SGOV within their 401k while viewing the current setup as a short-term choppy trading environment.