I have to say, I am completely underwhelmed by any downside action. I sold majority of index shorts, but do have shorts on 'weak' companies. And perhaps the issue here, maybe the market leaders are pulling the index up while weak companies go down.
My puts on individual companies are doing fine, and I'll let that ride. I am long gold, GBTC, and some nuclear companies (SMR).
If we break above last Fridays high, then we will likely go up to retest the all time highs.
That puts us into July-August for any material weakness.
The backdrop of lower USD, higher interest rates, and some international bond issues still exist. If other countries, like Japan, have bond issues, that HELPS American bonds. So perhaps as the world has increasing pressure on their debt, it will kick the can for USA for a bit.
I still like international as a long term investment and I am looking to add.
I'll take the long weekend and rethink how to deploy.
Enjoy the ride!
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