Midday Update + Minor Trade Alerts
A couple small trade alerts into today's ugly action.
![Midday Update + Minor Trade Alerts](/content/images/size/w1200/2024/08/leia-youre-my-only-hope.gif)
Bryce here. Markets are ugly again today, with the semiconductor index ($SOXX) down about 6.2% today reportedly caused by $ARM's soft guidance but we've been saying for months that semis were crowded, so this kind of a washout isn't necessarily surprising. We've been selling a little bit of our hedges in the hedge fund today but we are mostly sitting tight still.