Rate Hikes - Good or Bad for your portfolio? - Market update 3-17-22

Yesterday Jay Powell spoke very hawkishly about things. He still believes inflation is not built in to the economy and the market went way up. Today we'll most likely have a hang over. Powell said there will be 7 rate hikes this year, but they can change that plan. The Fed laying that out helped the market understand things.  WIth that, oil today is up over $100 again. $UCO is up, but personally I'm not chasing it. The governments of the world have no interest in oil being that high. $SCO may still be the play when oil shoots up because it will come down. Some other energy plays like $DVN or $OXY should be very good options with them having lower oil prices priced in to the stocks.  $AXP - shot up yesterday. This one is a great re open play  $TQQQ - Triple levered QQQ ETF. This is a great one on days when the Nasdaq flies like yesterday.  $DAC - wow - another 5% yesterday - great call!  $MULN - broke up above $2/share. IMO this one is all hype, but a great trade.  $BOIL - up 5% with Nat Gas being up. $KOLD is the opposite.