ProShares UltraShort S&P500

SPDR S&P 500 ETF Trust

S&P 500 again falls below resistance as Powell concludes speech today.

As I discussed earlier this week:
- _Fed Chair J. Powell has been very consistent with his message for the past year or so. He wants unemployment to rise, he wants inflation back to 2%, and he’s not going to allow a bear market in equities to stop him from keeping monetary policy tight as a means to achieving those ends._
![Image upload](https://cdn.commonstock.com/dafc15d4ce6731edcb0945ca2d5af4b4e56b76c7e68037aa94c4ad5929f400a6-1869x969.png)
My take in listening to him today is that he is not changing his tune.
$SDS

Find more of my portfolio ideas and research here:
[https://finiche.substack.com/p/the-big-portfolio-refresh-may-2023](https://finiche.substack.com/p/the-big-portfolio-refresh-may-2023)

Updating my portfolio holdings, market outlook

https://finiche.substack.com/p/the-big-portfolio-refresh-may-2023