Market at inflection area. Long term trend lines going back to 2009 have been tested. If Powell hikes 75 basis points as is 81% probability then the S&P could have another leg lower to go through before the Covid inflation genie is put back in the stimmy check bottle.
Put option skew is not too bad and the Vix is down. A cheap way to play it would be to buy $3600 puts for December. IF you are right, Merry Christmas. IF you are wrong and Santa tape bombs the market higher you don't lose too much and certainly no sleep as you know the amount you most likely will lose. However, in the off chance the market just collapses to 3200 by year end it seems like a pretty decent trade.
However, this is not financial advice. Financial advisors usually just tell people to buy stonks. I think its almost criminal personally, but asset gathering is the way due to the fee and margin pressures thanks to the fact that everyone loses money trading and the index craze pays everyone else's cell phone bills. Some day traders will have more respect, but not without tighter money and a continued selloff, imho.
Bless
Put option skew is not too bad and the Vix is down. A cheap way to play it would be to buy $3600 puts for December. IF you are right, Merry Christmas. IF you are wrong and Santa tape bombs the market higher you don't lose too much and certainly no sleep as you know the amount you most likely will lose. However, in the off chance the market just collapses to 3200 by year end it seems like a pretty decent trade.
However, this is not financial advice. Financial advisors usually just tell people to buy stonks. I think its almost criminal personally, but asset gathering is the way due to the fee and margin pressures thanks to the fact that everyone loses money trading and the index craze pays everyone else's cell phone bills. Some day traders will have more respect, but not without tighter money and a continued selloff, imho.
Bless