The S&P 500 and Nasdaq hit record highs, but U.S. stock contracts on Binance didn’t join the celebration. SPYUSDT rose 0.57% this week, QQQUSDT gained 0.33%, TQQQUSDT climbed 0.84%, and inverse SQQQUSDT fell 0.85%. With the indexes at record highs, the contracts only made modest weekly gains. That gap is more worth watching than the record highs themselves.
The daily moves this week were a rally followed by a pullback. On October 5, SPYUSDT moved from 771.14 USDT to 775.25 USDT, then reached 780.27 USDT on October 6—two consecutive days of gains. On October 7, it fell from 780.26 USDT to 775.53 USDT, down 0.61%. QQQUSDT followed a similar path, closing at 760.3 USDT on October 6 before slipping to 754.64 USDT on October 7, down 0.74%. On October 7, TQQQUSDT dropped from 84.36 USDT to 82.43 USDT, down 2.29%, while SQQQUSDT rose from 31.83 USDT to 32.58 USDT, up 2.36%.
Popular posts on Binance Square suggest that after the indexes hit record highs, the correlation among major U.S. stock contracts will be worth watching more closely: long positions may find it easier to follow the trend, while inverse contracts come under pressure (paraphrased; this does not represent this site’s views). The directional relationship does line up, but the moves don’t match the “it’ll be explosive” expectations in those popular posts. In SPYUSDT’s 27-week sample, 12 weeks performed better than this one, placing this week 13th and in the upper half of the sample. QQQUSDT ranked 16th, in the lower half. Index record highs and weekly contract rankings are two different yardsticks.
Here’s the plain truth: the October 7 pullback was real. TQQQUSDT’s 2.29% daily drop was steeper than those of SPYUSDT and QQQUSDT. With leveraged products tied to index moves, even if you get the direction right, the drawdown can come first. #SP500AndNasdaqHitRecordHighs
#币安 $BNB
The daily moves this week were a rally followed by a pullback. On October 5, SPYUSDT moved from 771.14 USDT to 775.25 USDT, then reached 780.27 USDT on October 6—two consecutive days of gains. On October 7, it fell from 780.26 USDT to 775.53 USDT, down 0.61%. QQQUSDT followed a similar path, closing at 760.3 USDT on October 6 before slipping to 754.64 USDT on October 7, down 0.74%. On October 7, TQQQUSDT dropped from 84.36 USDT to 82.43 USDT, down 2.29%, while SQQQUSDT rose from 31.83 USDT to 32.58 USDT, up 2.36%.
Popular posts on Binance Square suggest that after the indexes hit record highs, the correlation among major U.S. stock contracts will be worth watching more closely: long positions may find it easier to follow the trend, while inverse contracts come under pressure (paraphrased; this does not represent this site’s views). The directional relationship does line up, but the moves don’t match the “it’ll be explosive” expectations in those popular posts. In SPYUSDT’s 27-week sample, 12 weeks performed better than this one, placing this week 13th and in the upper half of the sample. QQQUSDT ranked 16th, in the lower half. Index record highs and weekly contract rankings are two different yardsticks.
Here’s the plain truth: the October 7 pullback was real. TQQQUSDT’s 2.29% daily drop was steeper than those of SPYUSDT and QQQUSDT. With leveraged products tied to index moves, even if you get the direction right, the drawdown can come first. #SP500AndNasdaqHitRecordHighs
#币安 $BNB