Friday, 22 March 2024

Fed still wants to cut

 Stoks

  • Closed at 170.80 after hours from last week of 164.01, not bad considering that they announced production cuts due to demand.
  • Managed to recover by end of the day for the lucky bulls.
  • Fed didn't cut as expected in the latest meeting but still on track to at least 2 cuts from projected 6.
  • First cut to supposedly happen on June but is there really a point to cut now given the optimism in the markets?
  • NVDA had a conference on Mon and stock fell to 850 but still managed to close at almost $100 higher for the week.
  • Sold HESAY and basically left w 100 shares of  QQQ to wheel, current 78% in cash to wheel while earning in MMFs.
  • USD is on a uptrend, which is surprising considering the fact that it is moving up w stocks.
  • Decent week in premiums but compared to just leaving portfolio as it was few weeks ago, def higher, oh well
  • Seeing prices getting higher and higher, went for longer exp CSP instead of dailys.
  • Aiming for at least a 5K in monthly premiums for a 630K USD base, which comes out to 9% pa ish if MMF rates stay constant. 
  • Will let banks run on their own, unless PB falls to desired levels. 
  • Fomo-ed in to crypto, used IR for now, probably transferring to Trust every 1K. 


US P/L 271548.62

SG P/L 32939.89

Up-ed ~7.2K ftw




1.3446
Subscribed into USD MMF
87820.81 SGD
569000 USD






Sold off HESAY
-542.54 QQQ




Life
  • Went to Chicco for lunch with ex colleague, not too bad just abit too loud for convos.
  • Not much happening week...pkl


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