GDX Gold Miners ETF, UFO Space ETF, SPYM S&P ETF, AGX China Index Swap – a combination of defensive and broad-based tools:
GDX follows the gold price, and gold softened today so GDX is also under pressure; UFO tracks the commercial aerospace sector, fluctuating with aerospace sentiment; SPYM provides S&P 500 exposure; AGX China Index Swap is a hedging tool for Hong Kong and A-share market directions.
These are all tool-type products, with no independent logic to discuss; just look at the direction of their respective underlying assets. 🙄
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