With so much complacency around, time to hedge and swing！ At the moment, the global supply chain is still quite fragile, and the problem is likely to continue at least until the second quarter of next year. The energy crisis will be the biggest problem this winter. Inflation expectations remain very high, and U.S. treasury yield curve continues to be flatten（1、2、3-year treasury yield climbs faster than the longer term, percentage wise）. U.S. consumers confidence has only slightly rebounded from its lowest level in ten years, so the risk of unintelligible pull-up in the current US stock market speculation cannot be underestimated. In the current market conditions, it is better to be cautious. It is very likely that the risks have already outweighed the rewards. Recently, I emphasized the benefits of the hedge and swing trading several times, and such prudence is likely justified. Take the example of SOXL, the Direxion Daily Semiconductor Bull 3X ETF, which has been discussed severa...