To gain an edge, this is what you need to know now.
Reduce Hedges
Consider reducing short term hedges to 2% – 6% from 3% – 9%.
Turn Around
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- Please start by reading the Morning Capsule regarding warnings related to Target (TGT) and Taiwan Semiconductor (TSM).
- The market started lower because of the dire warning from China and the second warning in three weeks from TGT.
- Yesterday, hot money was buying Apple stock (AAPL) ahead of the WWDC event hoping for an unveiling of the new headset.