Quick monthly update 🙌
The last three months have been rough for the markets as addressed in last month's update.
Back in July, and later this month, I've opened a significant hedge positiong on $SQQQ , which seems to have worked to counter $NSDQ100 drop in the last 2 weeks.
Going forward I plan to keep this hedge positions, perhaps opening some others, to combat the market fears of the Israel-Hamas conflict, interest rates hiking, and inflation rising.
This month we had $ENPH (Enphase Energy Inc.) reporting its earnings, and they were not up to the expectations, as the YoY revenue dips, combined with a guidance that doesn't promise much upward trajectory.
The rise of interest rates, and demand softening, has made some investors downgrade Enphase. Enphase CEO himself associated the U.S. demand slump to these interest challenges.
Despite this, and because interest rates won't stay high forever, I'm optimistic about Enphase long-term potential.
That's it for this update.
Stay patient, stay wise :)
Paulo... Show More
