$iShares Semiconductor ETF(SOX

$iShares Semiconductor ETF(SOXX)$ $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ Here's my read on the recent geopolitical developments.

A deal appears to be forming between Trump, Putin, and Xi. Trump is likely to support Russia and gradually reduce support for Ukraine. In return, Russia would stop backing Iran. Lavrov reportedly went to Iran to deliver that message. The Chinese want the strait open more than anyone else, including the US.

A surprise deal could come together just before the midterms.

If you're short, I'd rethink that position. A massive 5 to 10% move could happen any day over the next few days.

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