Nasdaq-100 Hits Record High; 7x Long DLC Gains +48% in Past 5 Trading Days

SG DLC News
09-23

Nasdaq-100 Index

The tech-heavy $NASDAQ 100(NDX)$ reached a new record high on Tuesday (22 September), as lower oil prices and optimism surrounding AI developments supported gains in technology stocks.

The Nasdaq-100 has rallied around +6% in the past 5 trading days since the Fed announced its interest rate decision last week, lifting the Nasdaq 7x Long DLC (MFVW) by around +48%, while the Nasdaq 7x Short DLC (W5BW) declined by around -37% in the same period.

Sandisk and Micron

Among DLC-covered underlyings, chip stocks $SanDisk Corp.(SNDK)$ and $Micron Technology(MU)$ were the top performers with gains of around +24% and +18% respectively in the last 5 trading days.

Amplifying the move, the Sandisk 3x Long DLC (ZIPW) gained around +80%, while the Sandisk 3x Short DLC (NNSW) fell by around -55%.

Meanwhile, the Micron 3x Long DLC (44BW) gained around +61%, with the Micron 3x Short DLC (1J9W) fell by around -43%.

Investors who expect the positive momentum to continue may consider 3x/5x Long DLCs on selected U.S. underlyings. Conversely, investors anticipating a reversal or market pullback may consider 3x/5x Short DLCs for inverse exposure.

View the full list of DLCs here.

This advertisement has not been reviewed by the Monetary Authority of Singapore. This advertisement is distributed by Société Générale, Singapore Branch. This advertisement does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.

Last Speech Before Blackout: What Will Warsh Say?
Fed Chair Warsh speaks in Bangkok on October 16 Beijing time, the last official comment before the FOMC blackout ahead of the October 27–28 meeting. Markets price about 80% odds of no move in October and similar odds of a December hike: QQQ closed Thursday -1.34% at $747.58, SPY -0.42% at $773.93. On October 7 the 10-year hit 5.366% and the 30-year 5.728%, both highest since 2002. Bulls say the hold is priced and a non-hawkish speech lifts an overhang; bears say term premium and fiscal imbalances drive the long end, and the Fed can't fix either. What do you want to hear from Warsh?
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