We’re done with the first half of 2023 so let’s check in on our chart crash comparisons:
First up SPY and we see that the ETF index has made a remarkable climb up in the face of the Fed’s interest rate hike headwinds:
The QQQ’s are on their way back to where they were at the last peak with only an 8.6% drop from peak despite economic headwinds:
And XHB is perhaps the most remarkable as it is a mere 4% from post covid peak.
We still hold put positions on XHB and we anticipate that with the Fed announcing two more possible hikes that it will reign these indexes in but anything can happen so stay tuned, stay profitable and stay solvent…