We're going through interesting times. The impact of the Citrini Report, which supposedly hit the markets but which I find meaningless, lasted only one day. In fact, it wasn't a real report, but a hypothetical scenario, as they themselves stated at the beginning of the article. This report terrified the markets, and all the analysis articles that day shared that the market was sold off because of it. I didn't give it any credence! No one would think so simply as to give so much credence to a hypothetical scenario. Wall Street, where billions of dollars are flying around, shouldn't either. Another issue is the sudden halt in the news flow about Anthropic taking over the software world. Just yesterday, there was pricing in the idea that artificial intelligence would replace the software giants that have existed for decades. It's hard to give credence to that either, but fear is like that! Once it takes hold of a person's heart, it's unbearable. Anyway, I guess someone finally came to their senses and told the company officials, "Guys, stop making ridiculous statements, this market is full of ignorant people, listen to what you're saying, don't scare people."

Following this, Anthropic issued a statement saying, "Come on, don't be so scared, we won't take away other companies' business, we'll integrate into their operations by forming strategic partnerships, it will be better for you." After that, almost no stocks on my watchlist closed in the red. Ah! The VIX closed down about 7%... Despite everything that happened, the VIX didn't move enough to create a comfortable position, so it didn't offer an easy trade in this round. But index ETFs seem to be rewarding patience. So I think (hopefully) the AI ​​scare trade will end (I think the issue of capital expenditures will remain a mystery). Indeed, UBS raised the default risk for the private credit world from 13% to 15%. This revision was made on top of the expectation it announced just a month ago. So things are moving very fast in the finance market. Should I say slowing down? We haven't seen real pricing in this area yet. For now, there are only price movements related to the financing side, like Oracle. But there's also the side of the financiers, and the risk there is far, far more serious. If this situation turns into a crisis, it could lead to the liquidity crunch I've been talking about, and then it would be a difficult period for stocks, cryptocurrencies, gold and silver, and private sector bonds. We will be following this.

For a while now, the stocks that have taken the biggest hit in the US market have been technology, and even software. However, after the development I mentioned above, the market calmed down, and buyers came to the hardest-hit stocks. Looking back, almost everyone in the ETF universe closed in the green yesterday. But while everyone else closed around 1% higher, technology ETFs are seeing gains of 4%. To be honest, the sustainability of this is debatable, but when the weight on a sector that has been suppressed for a long time is lightened, those who want to make money will buy that sector! It's that clear. It's a bit of FOMO trading, but there's an opportunity here, and it needs to be seized. I see that the main US indices have been trading in a range for a few months now, and with the sell-off at the beginning of the week, they had already reached the lower end of the trading range. So, they were already at the point where technical traders would buy. Now that this 'fear' has been overcome, it seems like momentum will be created. Well! Considering that there isn't a macro situation that would leave the bull market in the hands of the bears, even with FOMO, people will buy these stocks now.

Yesterday was the expiry of the monthly futures options for precious metals, and the accumulation of positions in these options indicated that the price would rise in both precious metals. To be honest, I'm having trouble finding any other bullish scenario. Don't get me wrong, all the reasons for the rises in previous years are still valid, but I don't see a reason that will trigger a new rally. Therefore, I wouldn't be surprised if there's a pullback in prices after the option expiry. But I have to admit; I don't want to close the gold long positions I gained from the options. After all, even though I don't believe in it much, I ended up with profitable long positions from the option strategies I did on the "what if it goes up" basis. I've placed stop-loss orders at the break-even level on these positions, I'm saying it's fate. I know I'm doing a complete FOMO trade!