Pair trade: Long RYT vs. Short XLK
Long RYT @ $211.06
Short XLK @ $115.06
5% each side
I think large cap tech is poised to turn down. It's run up quite a bit. I'll hedge out that risk by being long an equal-weighted basket of tech stocks.
My fear is that we haven't yet had the zoom up that happens in a buying mania. We've risen, but not to obscene extremes. Apple and Tesla are vertical, but the QQQ isn't up as stupidly...yet. I hope it doesn't happen, but isn't that what modern monetary theory wants?
Comments
Post a Comment