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Tech and semiconductors took another beating today as the 10 year treasury yield rose to almost 1.6%; even oil is down. $FAS (Financial Sector ETF) and the $UDOW, both bull ETFs, performed the best in my portfolio. Since oil is down today, tomorrow could be a good time to get exposure to $GUSH. I ended up dollar cost averaging into more of my ARK leaps and buying shares of $SPCX and $BUZZ.
The ten year treasury yield is approaching pre-covid levels, although I suspect it will keep going up, closer to 2%. The question is, when will this get priced into the markets.
Cyclicals did excellent again today with travel, media, and retailers leading the way.
Positions filled today.
My portfolio is down 6.5% today, mostly due to falling Nasdaq and semi-conductors.
Adding to the Watchlist:
$OGIG: OGIG is an exchange traded fund (ETF) that seeks to track the performance (before fees and expenses) of the O’Shares Global Internet Giants Index (the “Target Index”).
O’Shares Global Internet Giants ETF (OGIG) is a rules-based ETF designed to provide investors with the means to invest in some of the largest global companies that derive most of their revenue from the Internet and e-commerce sectors that exhibit quality and growth potential. Take a look at the top 10 holdings:
As we are aware, right now the internet giants are getting clobbered. However for myself, I see it as a buying opportunity. I could see myself investing in all of these companies anyways and the best part that $OGIG has more than 20% Asian market exposure. Have a look over the holdings on their website.
Target Price: $68
Timeframe: 4-6 months
$IPOD/$IPOF: IPOF stock and sibling IPOD stock are both on the move after Chamath Palihapitiya fueled SPAC speculation on Twitter. Both SPACs are trading at the same level they IPO'd at. If these continue to drop, I can't see why we wouldn't find this as a bargain. Of course, SPACs are risky and I'm finding $SPCX, the SPAC ETF, less risky just because it is diversified.
Target Price: $20
Timeframe: 4-6 months
Note: Risk (1 out of 5) is my opinion of how risky the stock and these plays are; 1 being the lowest and 5 is the highest.
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