May. 10 at 3:14 PM
$SQQQ $PSY $DOG $SH [Almost there] Again-I am still riding the positive momentum of earnings near term as SQQQ continues to fall into the
$26-28 pattern that I mentioned previously. Note: the dividend yield on SQQQ is 21% (appx) and the next ex-dividend is mid/late June. This should be a good time (IMO) as earnings will have concluded and focus will be drawn to the budget (tax break), additional leverage that will be required and the inability of the government to cover without another debt ceiling revision. This, while the impact of tariffs begins to marinate in the minds of the consumers, investors continue to de-risk from US equities into fixed income and international funds, and the 10YR starts to rise, the Fed remains in a wait-and-see pattern, and the 90D moratorium on tariffs concludes (7/09).