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- Oct 28th Stock Market Update - Oil prices head lower on Middle East but mostly because of China
Oct 28th Stock Market Update - Oil prices head lower on Middle East but mostly because of China
$TCOM $EQIX $MSFT
Mukund Mohan
October 28, 2024
Market
“Markets rocked upwards on Oil prices heading to annual lows on news that Israel spared Iran’s Oil production, but the real news was China’s even more slowing growth -- which means demand for Oil is lower” 😊 😋
All 3 indices headed higher. The market is factoring in any election moves
Many people have asked me for my hedging strategies for the elections. My strategy has been the same for ages. I have enough in SPY and QQQ (indexed ETF) for the long term, which means I will match the market on those. I might take a small position in $TQQQ (reverse NASDAQ ETF), on the day of, but this week is all Technology earnings.
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Insights from the portfolio
Video of the day
Today’s video is on Microsoft $MSFT expected to announce results this week.
