Strap up for a roller coaster ride ahead. The clock ticks closer to
$NVIDIA(NVDA)$ high stakes Q2 earnings on Wednesday. Big Tech has started to slide backwards as fund managers scramble for exit doors.
It's a triple uncertainty matrix : volcanic corporate earnings, a tense macroeconomic pivot at Jackson Hole & geopolitical crosswinds threatening to scramble global supply chains.
The Standoff: To hedge or to ambush?
The Safety First Camp: They look at the triple uncertainty & refuses to play Russian Roulette with their hard-earned cash. They said that US 30 year Treasury Bond yield is at 19 year high at 5.33%. Tech stocks are overvalued. They trim their tech exposure, buy protective put options & wait on the sidelines.
PreEarnings Ambush Camp: They argue that hyperscalers' AI spending is not slowing down. They are buying call options that will leave bears in the dust.
My Take: Buy $Invesco NASDAQ 100 ETF(QQQM)$ as it has the best tech stocks in powerful ETF.
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