This is SOXL, the triple-bullish fund based on semiconductors. It is my considered opinion that this fund, for the third time in the lofty price zone you see, is headed much lower in 2026.
I’d say the lunatics didn’t quite meet their goals on this one. Below is a map from 2020 as to the land that ISIS wanted to control (although, let’s face it, it’s mostly wasteland with the exception of Spain).
I reduced my exposure earlier today to a mere 68% and am watching from a safe distance as people fall all over themselves to buy equities. Don’t be so sure this is wise. The nature of the market has changed. I’d just rather not be overly exposed in front of a three-day weekend.